Southern Energy (LON:SOUC) Stock Price Up 17.6% – Time to Buy?

Southern Energy Corp. (LON:SOUC) shares were up 17.6% on Monday . The company traded as high as GBX 6 and last traded at GBX 5. Approximately 566,911 shares changed hands during mid-day trading, an increase of 489% from the average daily volume of 96,173 shares. The stock had previously closed at GBX 4.25.

Southern Energy Stock Up 17.6%

The company has a debt-to-equity ratio of 79.93, a quick ratio of 2.59 and a current ratio of 0.25. The company’s 50-day moving average price is GBX 4.11 and its 200 day moving average price is GBX 3.71. The stock has a market capitalization of £18.31 million, a P/E ratio of -1.67 and a beta of 1.17.

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.