Southern Energy (LON:SOUC) Trading 6.7% Higher – Here’s Why

Southern Energy Corp. (LON:SOUCGet Free Report)’s share price traded up 6.7% during trading on Friday . The company traded as high as GBX 4 and last traded at GBX 4. 1,408,737 shares traded hands during trading, an increase of 855% from the average session volume of 147,544 shares. The stock had previously closed at GBX 3.75.

Southern Energy Trading Up 6.7%

The company has a debt-to-equity ratio of 100.10, a current ratio of 0.75 and a quick ratio of 2.59. The business has a 50 day moving average of GBX 4 and a 200 day moving average of GBX 4.07. The firm has a market capitalization of £14.65 million, a price-to-earnings ratio of -1.33 and a beta of 0.06.

About Southern Energy

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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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