Southern Energy (CVE:SOU) Stock Price Down 18.8% – Here’s What Happened

Shares of Southern Energy Corp. (CVE:SOU) were down 18.8% during mid-day trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.07. Approximately 1,822,310 shares changed hands during mid-day 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 company has a current ratio of 0.37, a quick ratio of 2.59 and a debt-to-equity ratio of 103.68. The stock has a market cap of C$10.82 million, a PE ratio of -0.15 and a beta of 1.17. The company has a fifty day moving average of C$0.13 and a 200-day moving average of C$0.12.

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.