Southern Energy (CVE:SOU) Trading Down 18.8% – Here’s Why

Southern Energy Corp. (CVE:SOUGet Free Report)’s stock price was down 18.8% on Tuesday . The company traded as low as C$0.06 and last traded at C$0.07. Approximately 1,822,310 shares were traded during trading, an increase of 839% from the average daily volume of 194,074 shares. The stock had previously closed at C$0.08.

Southern Energy Price Performance

The business’s 50 day moving average price is C$0.13 and its 200 day moving average price is C$0.12. The stock has a market capitalization of C$10.82 million, a P/E ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 103.68, a current ratio of 0.37 and a quick ratio of 2.59.

About Southern Energy

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Southern Energy Corp. operates as an oil and natural gas exploration and production company in Canada. Its principal properties are the Central Mississippi Assets containing oil and gas production at Gwinville, Mechanicsburg, Williamsburg, and Mount Olive, Mississippi. The company was formerly known as Standard Exploration Ltd.

Further Reading

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