Southern Energy (CVE:SOU) Stock Price Down 11.8% – Here’s What Happened

Southern Energy Corp. (CVE:SOU)’s stock price fell 11.8% during mid-day trading on Thursday . The stock traded as low as C$0.08 and last traded at C$0.08. 490,708 shares were traded during mid-day trading, a decline of 15% from the average session volume of 575,699 shares. The stock had previously closed at C$0.09.

Southern Energy Price 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 company’s 50-day moving average is C$0.08 and its 200-day moving average is C$0.08. The stock has a market cap of C$29.30 million, a price-to-earnings ratio of -2.67 and a beta of -1.48.

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.