Shares of Southern Energy Corp. (LON:SOUC – Get Free Report) dropped 15.7% during trading on Thursday . The company traded as low as GBX 4 ($0.05) and last traded at GBX 4.01 ($0.05). Approximately 86,000 shares changed hands during trading, an increase of 90% from the average daily volume of 45,145 shares. The stock had previously closed at GBX 4.75 ($0.06).
Southern Energy Stock Performance
The company has a market capitalization of £8.71 million, a P/E ratio of -0.18 and a beta of 1.17. The company’s 50 day moving average is GBX 7.15 and its 200-day moving average is GBX 11.31. The company has a current ratio of 0.22, a quick ratio of 2.59 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.
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