Southern Energy (CVE:SOU) Stock Price Down 18.8% – What’s Next?

Southern Energy Corp. (CVE:SOU) fell 18.8% during mid-day trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.07. 1,822,310 shares were traded during 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 fifty day moving average price of C$0.12 and a two-hundred day moving average price of C$0.12. The firm has a market cap of C$12.49 million, a price-to-earnings ratio of -0.17 and a beta of 1.17. The company has a debt-to-equity ratio of 103.68, a current ratio of 0.37 and a quick ratio of 2.59.

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.