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

Shares of Southern Energy Corp. (CVE:SOU) were down 18.8% during mid-day trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.07. Approximately 1,822,310 shares were traded during mid-day trading, an increase of 839% from the average daily volume of 194,074 shares. The stock had previously closed at C$0.08.

Southern Energy Trading Down 18.8 %

The company has a market cap of C$10.82 million, a price-to-earnings ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 103.68, a quick ratio of 2.59 and a current ratio of 0.37. The business’s 50 day moving average price is C$0.13 and its 200-day moving average price is C$0.12.

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.