Southern Energy (LON:SOUC) Stock Price Down 6.1% – Here’s Why

Southern Energy Corp. (LON:SOUC)’s share price was down 6.1% during mid-day trading on Friday . The stock traded as low as GBX 3.10 ($0.04) and last traded at GBX 3.10 ($0.04). Approximately 806 shares changed hands during trading, a decline of 99% from the average daily volume of 73,220 shares. The stock had previously closed at GBX 3.30 ($0.04).

Southern Energy Trading Down 6.1%

The stock has a market capitalization of £6.57 million, a price-to-earnings ratio of -0.14 and a beta of 1.17. The company’s 50-day moving average is GBX 3.51 and its 200-day moving average is GBX 9.73. The company has a quick ratio of 2.59, a current ratio of 0.22 and a debt-to-equity ratio of 17.43.

About Southern Energy

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.