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

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 were traded 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 Stock Performance

The firm has a market cap of C$13.32 million, a price-to-earnings ratio of -0.19 and a beta of 1.17. The company has a debt-to-equity ratio of 103.68, a current ratio of 0.37 and a quick ratio of 2.59. The firm has a fifty day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.13.

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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