Southern Energy (CVE:SOU) Shares Down 18.8% – Here’s What Happened

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

Southern Energy Stock Performance

The stock has a market cap of C$10.82 million, a PE ratio of -0.15 and a beta of 1.17. The company has a fifty day moving average price of C$0.13 and a 200 day moving average price 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

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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.

Further Reading

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