Southern Energy (LON:SOUC) Shares Down 3.1% – Should You Sell?

Shares of Southern Energy Corp. (LON:SOUC) were down 3.1% during mid-day trading on Thursday . The company traded as low as GBX 3.10 ($0.04) and last traded at GBX 3.10 ($0.04). Approximately 111,415 shares traded hands during mid-day trading, an increase of 61% from the average daily volume of 69,167 shares. The stock had previously closed at GBX 3.20 ($0.04).

Southern Energy Price Performance

The company has a current ratio of 0.22, a quick ratio of 2.59 and a debt-to-equity ratio of 17.43. The firm has a market cap of £6.58 million, a PE ratio of -0.14 and a beta of 1.17. The stock has a 50 day simple moving average of GBX 3.26 and a 200-day simple moving average of GBX 5.12.

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.