Shares of Southern Energy Corp. (CVE:SOU – Get Free Report) dropped 18.8% during mid-day trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.07. Approximately 1,822,310 shares changed hands during trading, an increase of 839% from the average daily volume of 194,074 shares. The stock had previously closed at C$0.08.
Southern Energy Price Performance
The stock’s 50-day moving average price is C$0.13 and its 200-day moving average price is C$0.12. The company has a market capitalization of C$10.82 million, a price-to-earnings ratio of -0.15 and a beta of 1.17. The company has a quick ratio of 2.59, a current ratio of 0.37 and a debt-to-equity ratio of 103.68.
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.
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