Southern Energy (LON:SOUC) Shares Up 7.7% – Here’s Why

Southern Energy Corp. (LON:SOUC)’s stock price shot up 7.7% during mid-day trading on Saturday . The stock traded as high as GBX 3.50 and last traded at GBX 3.50. 151,399 shares traded hands during mid-day trading, an increase of 90% from the average session volume of 79,701 shares. The stock had previously closed at GBX 3.25.

Southern Energy Trading Up 7.7%

The company has a quick ratio of 2.59, a current ratio of 0.22 and a debt-to-equity ratio of 17.43. The business’s fifty day moving average is GBX 4.16 and its 200 day moving average is GBX 3.68. The stock has a market cap of £11.77 million, a PE ratio of -1.17 and a beta of 1.17.

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.