Southern Energy (CVE:SOU) Stock Price Down 10.3% – Here’s Why

Southern Energy Corp. (CVE:SOUGet Free Report)’s share price traded down 10.3% during mid-day trading on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13. 335,260 shares were traded during mid-day trading, an increase of 135% from the average session volume of 142,706 shares. The stock had previously closed at C$0.15.

Southern Energy Trading Down 3.6 %

The firm’s 50 day moving average price is C$0.12 and its 200-day moving average price is C$0.14. 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 stock has a market cap of C$22.48 million, a P/E ratio of -0.31 and a beta of 1.17.

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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