Southern Energy (CVE:SOU) Trading Down 15.8% – Here’s What Happened

Southern Energy Corp. (CVE:SOUGet Free Report)’s stock price traded down 15.8% on Friday . The company traded as low as C$0.08 and last traded at C$0.08. 571,250 shares traded hands during trading, an increase of 256% from the average session volume of 160,260 shares. The stock had previously closed at C$0.10.

Southern Energy Price Performance

The company has a debt-to-equity ratio of 103.68, a quick ratio of 2.59 and a current ratio of 0.37. The stock’s fifty day moving average price is C$0.13 and its 200-day moving average price is C$0.13. The firm has a market cap of C$13.32 million, a PE ratio of -0.19 and a beta of 1.17.

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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