Southern Energy (CVE:SOU) Sets New 1-Year Low – Time to Sell?

Shares of Southern Energy Corp. (CVE:SOUGet Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 589497 shares trading hands. The stock had previously closed at C$0.06.

Southern Energy Stock Down 8.3%

The business’s 50 day simple moving average is C$0.07 and its 200 day simple moving average is C$0.08. 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 firm has a market capitalization of C$20.14 million, a PE ratio of -2.75 and a beta of -1.09.

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

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