Southern Energy (CVE:SOU) Shares Down 13.3% – Here’s Why

Southern Energy Corp. (CVE:SOU) fell 13.3% on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.07. 654,440 shares were traded during trading, an increase of 21% from the average session volume of 540,288 shares. The stock had previously closed at C$0.08.

Southern Energy Price Performance

The stock has a market cap of C$25.64 million, a price-to-earnings ratio of -2.33 and a beta of -1.48. The stock has a fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.07. 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

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. and changed its name to Southern Energy Corp. in January 2019. Southern Energy Corp. was incorporated in 2008 and is headquartered in Calgary, Canada.