Southern Energy (CVE:SOU) Shares Down 15.8% – Here’s Why

Southern Energy Corp. (CVE:SOUGet Free Report)’s share price traded down 15.8% on Thursday . The company traded as low as C$0.08 and last traded at C$0.08. 571,250 shares were traded during trading, an increase of 265% from the average session volume of 156,697 shares. The stock had previously closed at C$0.10.

Southern Energy Trading Down 15.8 %

The company has a market cap of C$13.32 million, a PE ratio of -0.19 and a beta of 1.17. The business has a 50 day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.13. 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.

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