Southern Energy (LON:SOUC) Shares Down 15.7% – Here’s What Happened

Southern Energy Corp. (LON:SOUC) shares traded down 15.7% during mid-day trading on Thursday . The stock traded as low as GBX 4 ($0.05) and last traded at GBX 4.01 ($0.05). 86,000 shares traded hands during trading, an increase of 90% from the average session volume of 45,145 shares. The stock had previously closed at GBX 4.75 ($0.06).

Southern Energy Stock Down 3.3 %

The company has a 50 day moving average price of GBX 7.15 and a 200-day moving average price of GBX 11.31. The stock has a market capitalization of £8.71 million, a PE ratio of -0.18 and a beta of 1.17. The company has a debt-to-equity ratio of 17.43, a current ratio of 0.22 and a quick ratio of 2.59.

Southern Energy Company Profile

Southern Energy Corp. is a natural gas exploration and production company. Southern has a primary focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas. Our management team has a long and successful history working together and have created significant shareholder value through accretive acquisitions, optimization of existing oil and natural gas fields and the utilization of re-development strategies utilizing horizontal drilling and multi-staged fracture completion techniques.