Southern Energy (CVE:SOU) Trading Up 15.4% – Should You Buy?

Shares of Southern Energy Corp. (CVE:SOU) rose 15.4% during mid-day trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 190,944 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 193,821 shares. The stock had previously closed at C$0.07.

Southern Energy Price Performance

The firm has a market capitalization of C$12.49 million, a PE ratio of -0.17 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 50-day simple moving average of C$0.13 and a 200-day simple moving average of C$0.12.

Southern Energy Company Profile

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.