Southern Energy (CVE:SOU) Sets New 12-Month Low – Here’s What Happened

Southern Energy Corp. (CVE:SOU) hit a new 52-week low during trading on Tuesday. The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 31000 shares trading hands. The stock had previously closed at C$0.06.

Southern Energy Price Performance

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 firm’s 50-day moving average price is C$0.07 and its 200 day moving average price is C$0.07. The firm has a market capitalization of C$21.98 million, a price-to-earnings ratio of -3.00 and a beta of -1.09.

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