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

Southern Energy Corp. (CVE:SOUGet Free Report) shares dropped 18.8% during trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.07. Approximately 1,822,310 shares traded hands during trading, an increase of 862% from the average daily volume of 189,486 shares. The stock had previously closed at C$0.08.

Southern Energy Price Performance

The stock has a market cap of C$10.82 million, a P/E ratio of -0.15 and a beta of 1.17. The business has a 50-day simple moving average of C$0.13 and a 200 day simple moving average of C$0.12. The company has a current ratio of 0.37, a quick ratio of 2.59 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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