Southern Energy (LON:SOUC) Shares Down 6.7% – Here’s What Happened

Southern Energy Corp. (LON:SOUC) was down 6.7% during trading on Tuesday . The stock traded as low as GBX 3.50 and last traded at GBX 3.50. 2,490 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 198,678 shares. The stock had previously closed at GBX 3.75.

Southern Energy Stock Down 6.7%

The firm’s 50 day simple moving average is GBX 3.80 and its 200 day simple moving average is GBX 4.07. The company has a market cap of £12.82 million, a price-to-earnings ratio of -3.50 and a beta of 0.06. The company has a quick ratio of 2.59, a current ratio of 0.75 and a debt-to-equity ratio of 100.10.

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.