Southern Energy (LON:SOUC) Stock Breaks Above 200 Day Moving Average – Here’s Why
by Renee Jackson · The Cerbat GemSouthern Energy Corp. (LON:SOUC – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 3.79 and traded as high as GBX 3.80. Southern Energy shares last traded at GBX 3.80, with a volume of 73,368 shares traded.
Southern Energy Stock Performance
The firm has a market capitalization of £10.99 million, a PE ratio of -1.50 and a beta of 0.06. The business has a 50-day simple moving average of GBX 3.41 and a 200-day simple moving average of GBX 3.78. The company has a debt-to-equity ratio of 103.09, a current ratio of 0.77 and a quick ratio of 2.59.
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.