Southern Energy (LON:SOUC) Shares Down 18.9% – Time to Sell?

Shares of Southern Energy Corp. (LON:SOUC) were down 18.9% during mid-day trading on Thursday . The company traded as low as GBX 3.50 and last traded at GBX 3.65. Approximately 102,281 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 103,684 shares. The stock had previously closed at GBX 4.50.

Southern Energy Stock Down 18.9%

The company has a quick ratio of 2.59, a current ratio of 0.13 and a debt-to-equity ratio of 123.02. The firm’s 50-day moving average price is GBX 4.11 and its 200 day moving average price is GBX 4.05. The firm has a market cap of £13.37 million, a P/E ratio of -1.22 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.