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

Southern Energy Corp. (CVE:SOUGet Free Report) shares traded up 15.4% during mid-day trading on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. 120,752 shares were traded during trading, a decline of 60% from the average session volume of 304,926 shares. The stock had previously closed at C$0.07.

Southern Energy Trading Up 15.4%

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 firm has a market capitalization of C$25.22 million, a PE ratio of -1.50 and a beta of -0.21. The business’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.06.

Southern Energy Company Profile

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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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