Shares of Southern Energy Corp. (CVE:SOU – Get Free Report) dropped 13.8% on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 370,260 shares were traded during trading, an increase of 155% from the average daily volume of 145,098 shares. The stock had previously closed at C$0.15.
Southern Energy Stock Down 3.4 %
The firm’s 50-day moving average price is C$0.12 and its two-hundred day moving average price is C$0.14. 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 firm has a market cap of C$23.31 million, a PE ratio of -0.33 and a beta of 1.17.
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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