Southern Energy Corp (CVE:SOU)’s share price reached a new 52-week low on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 44010 shares trading hands. The stock had previously closed at C$0.03.
Separately, Cormark decreased their price target on shares of Southern Energy from C$0.25 to C$0.20 in a research note on Friday, August 30th.
The company’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.07. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 146.56. The stock has a market cap of $6.71 million and a P/E ratio of -0.81.
Southern Energy Corp. engages in the exploration, development, and production of petroleum and natural gas in Canada. It has interest in the Chin Coulee producing oil property located in Alberta. The company was formerly known as Standard Exploration Ltd. and changed its name to Southern Energy Corp.
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