Southern Energy (CVE:SOU) Stock Price Down 18.8% – Here’s What Happened

Southern Energy Corp. (CVE:SOUGet Free Report) shares were down 18.8% during trading on Wednesday . The stock 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 stock has a market capitalization of C$10.82 million, a price-to-earnings ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 103.68, a quick ratio of 2.59 and a current ratio of 0.37. The company has a 50 day moving average of C$0.13 and a 200 day moving average of C$0.12.

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.

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