Southern Energy (CVE:SOU) Stock Price Down 15.8% – Here’s Why

Southern Energy Corp. (CVE:SOU)’s stock price was down 15.8% on Friday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 571,250 shares changed hands during mid-day trading, an increase of 256% from the average daily volume of 160,260 shares. The stock had previously closed at C$0.10.

Southern Energy Stock Performance

The stock has a market cap of C$13.32 million, a P/E ratio of -0.19 and a beta of 1.17. The stock has a fifty day simple moving average of C$0.13 and a 200-day simple moving average of C$0.13. The company has a quick ratio of 2.59, a current ratio of 0.37 and a debt-to-equity ratio of 103.68.

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.