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

Southern Energy Corp. (CVE:SOU) shares fell 18.8% on Wednesday . The company traded as low as C$0.06 and last traded at C$0.07. 1,822,310 shares traded hands during mid-day trading, an increase of 839% from the average session volume of 194,074 shares. The stock had previously closed at C$0.08.

Southern Energy Stock Performance

The stock’s 50 day moving average is C$0.12 and its 200 day moving average is C$0.12. The company has a current ratio of 0.37, a quick ratio of 2.59 and a debt-to-equity ratio of 103.68. The firm has a market cap of C$12.49 million, a price-to-earnings ratio of -0.17 and a beta of 1.17.

Southern Energy Company Profile

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.