Southern Energy (CVE:SOU) Shares Down 15.8% – Here’s Why

Southern Energy Corp. (CVE:SOUGet Free Report) traded down 15.8% during mid-day trading on Thursday . The stock traded as low as C$0.08 and last traded at C$0.08. 571,250 shares changed hands during mid-day trading, an increase of 265% from the average session volume of 156,697 shares. The stock had previously closed at C$0.10.

Southern Energy Trading Down 15.8 %

The company has a market capitalization of C$13.32 million, a P/E ratio of -0.19 and a beta of 1.17. The company has a quick ratio of 2.59, a current ratio of 0.37 and a debt-to-equity ratio of 103.68. The firm’s 50-day moving average price is C$0.13 and its 200 day moving average price is C$0.13.

Southern Energy Company Profile

(Get Free Report)

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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