Southern Energy (CVE:SOU) Shares Down 13.8% – Here’s What Happened

Shares of Southern Energy Corp. (CVE:SOUGet Free Report) were down 13.8% during mid-day trading on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 370,260 shares changed hands during mid-day trading, an increase of 155% from the average daily volume of 145,098 shares. The stock had previously closed at C$0.15.

Southern Energy Stock Down 3.4 %

The business has a 50-day moving average of C$0.12 and a 200 day moving average of C$0.14. The company has a market capitalization of C$23.31 million, a PE ratio of -0.33 and a beta of 1.17. The company has a debt-to-equity ratio of 103.68, a current ratio of 0.37 and a quick ratio of 2.59.

Southern Energy Company Profile

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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.

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