Southern Energy (CVE:SOU) Stock Price Down 11.1% – Here’s Why

Southern Energy Corp. (CVE:SOU) shares fell 11.1% during mid-day trading on Thursday . The stock traded as low as C$0.08 and last traded at C$0.08. 1,001,336 shares traded hands during trading, an increase of 188% from the average session volume of 347,846 shares. The stock had previously closed at C$0.09.

Southern Energy Stock Down 5.6%

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 firm’s 50-day moving average price is C$0.07 and its 200 day moving average price is C$0.06. The firm has a market cap of C$28.58 million, a P/E ratio of -2.83 and a beta of -0.12.

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.