Southern Energy (CVE:SOU) Trading Down 10.3% – Here’s What Happened

Southern Energy Corp. (CVE:SOUGet Free Report) traded down 10.3% during trading on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. 335,260 shares changed hands during mid-day trading, an increase of 135% from the average session volume of 142,706 shares. The stock had previously closed at C$0.15.

Southern Energy Stock Down 10.3 %

The stock’s fifty day simple moving average is C$0.12 and its 200-day simple moving average is C$0.14. The stock has a market capitalization of C$21.65 million, a PE ratio of -0.30 and a beta of 1.17. The company has a current ratio of 0.37, a quick ratio of 2.59 and a debt-to-equity ratio of 103.68.

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.

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