Southern Energy (CVE:SOU) Shares Down 6.3% – What’s Next?

Shares of Southern Energy Corp. (CVE:SOU) dropped 6.3% during trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.08. Approximately 75,346 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 203,670 shares. The stock had previously closed at C$0.08.

Southern Energy Stock Down 6.3%

The firm’s 50 day moving average price is C$0.08 and its 200-day moving average price is C$0.07. 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 company has a market cap of C$25.22 million, a P/E ratio of -2.50 and a beta of -0.27.

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