Southern Energy Corp. (LON:SOUC – Get Free Report) dropped 23.1% on Tuesday . The company traded as low as GBX 5 ($0.06) and last traded at GBX 5 ($0.06). Approximately 450,000 shares changed hands during trading, an increase of 1,011% from the average daily volume of 40,496 shares. The stock had previously closed at GBX 6.50 ($0.08).
Southern Energy Trading Down 23.1 %
The company has a market capitalization of £10.60 million, a PE ratio of -0.22 and a beta of 1.17. 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 stock has a fifty day moving average of GBX 7.38 and a two-hundred day moving average of GBX 11.63.
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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