Southern Energy (CVE:SOU) Stock Price Down 14.3% – Time to Sell?

Shares of Southern Energy Corp. (CVE:SOUGet Free Report) fell 14.3% on Monday . The company traded as low as C$0.06 and last traded at C$0.06. 727,610 shares traded hands during trading, an increase of 77% from the average session volume of 410,389 shares. The stock had previously closed at C$0.07.

Southern Energy Trading Down 7.1%

The business’s 50 day simple moving average is C$0.08 and its 200 day simple moving average is C$0.07. The company has a debt-to-equity ratio of 103.68, a current ratio of 0.37 and a quick ratio of 2.59. The stock has a market cap of C$21.86 million, a P/E ratio of -2.17 and a beta of -0.19.

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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