Southern Energy (CVE:SOU) Trading Up 15.4% – Time to Buy?

Southern Energy Corp. (CVE:SOU)’s share price rose 15.4% during mid-day trading on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 436,752 shares traded hands during mid-day trading, an increase of 43% from the average daily volume of 306,299 shares. The stock had previously closed at C$0.07.

Southern Energy Stock Performance

The stock’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.06. 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 company has a market capitalization of C$25.22 million, a P/E ratio of -1.50 and a beta of -0.21.

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.