Southern Energy Corp. (CVE:SOU – Get Free Report) shares dropped 15.8% on Thursday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 571,250 shares were traded during mid-day trading, an increase of 256% from the average daily volume of 160,260 shares. The stock had previously closed at C$0.10.
Southern Energy Price Performance
The company’s fifty day moving average price is C$0.13 and its two-hundred day moving average price is C$0.13. The company has a market cap of C$13.32 million, a price-to-earnings ratio of -0.19 and a beta of 1.17. The company has a quick ratio of 2.59, a current ratio of 0.37 and a debt-to-equity ratio of 103.68.
About Southern Energy
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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