Southern Energy (CVE:SOU) Trading Down 18.8% – What’s Next?

Southern Energy Corp. (CVE:SOU) shares fell 18.8% during mid-day trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.07. 1,822,310 shares were traded during mid-day trading, an increase of 839% from the average session volume of 194,074 shares. The stock had previously closed at C$0.08.

Southern Energy Stock Performance

The company has a debt-to-equity ratio of 103.68, a current ratio of 0.37 and a quick ratio of 2.59. The stock has a 50-day moving average price of C$0.13 and a 200-day moving average price of 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.

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.