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

Southern Energy Corp. (CVE:SOUGet Free Report) was down 15.8% during trading on Thursday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 571,250 shares traded hands during trading, an increase of 256% from the average daily volume of 160,260 shares. The stock had previously closed at C$0.10.

Southern Energy Price Performance

The stock has a market capitalization of C$13.32 million, a price-to-earnings ratio of -0.19 and a beta of 1.17. 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 stock has a 50-day simple moving average of C$0.13 and a 200 day simple moving average of 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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