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

Shares of Southern Energy Corp. (CVE:SOUGet Free Report) dropped 18.8% during trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.07. Approximately 1,822,310 shares changed hands during mid-day trading, an increase of 839% from the average daily volume of 194,074 shares. The stock had previously closed at C$0.08.

Southern Energy Stock Performance

The firm has a market cap of C$10.82 million, a price-to-earnings ratio of -0.15 and a beta of 1.17. The stock has a 50 day moving average of C$0.13 and a 200 day moving average of C$0.12. The company has a quick ratio of 2.59, a current ratio of 0.37 and a debt-to-equity ratio of 103.68.

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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