Southern Energy (CVE:SOU) Shares Down 18.8% – Time to Sell?

Shares of Southern Energy Corp. (CVE:SOU) fell 18.8% on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.07. 1,822,310 shares traded hands during mid-day trading, an increase of 839% from the average session volume of 194,074 shares. The stock had previously closed at C$0.08.

Southern Energy Stock Performance

The company has a quick ratio of 2.59, a current ratio of 0.37 and a debt-to-equity ratio of 103.68. The firm has a market cap of C$12.49 million, a P/E ratio of -0.17 and a beta of 1.17. The business has a fifty day simple moving average of C$0.12 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.