Southern Energy (CVE:SOU) Trading Down 18.8% – Here’s Why

Southern Energy Corp. (CVE:SOUGet Free Report)’s stock price dropped 18.8% during mid-day trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.07. Approximately 1,822,310 shares were traded during trading, an increase of 862% from the average daily volume of 189,486 shares. The stock had previously closed at C$0.08.

Southern Energy Stock Performance

The firm’s fifty day moving average price is C$0.12 and its 200-day moving average price is C$0.12. The company has a current ratio of 0.37, a quick ratio of 2.59 and a debt-to-equity ratio of 103.68. The company has a market cap of C$11.66 million, a P/E ratio of -0.16 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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