Southern Energy (CVE:SOU) Trading Down 18.8% – Here’s Why

Southern Energy Corp. (CVE:SOUGet Free Report) traded down 18.8% during trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.07. 1,822,310 shares traded hands 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 Trading Down 18.8 %

The stock’s fifty day moving average price is C$0.13 and its 200 day moving average price is C$0.12. The stock has a market capitalization of C$10.82 million, a P/E ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 103.68, a current ratio of 0.37 and a quick ratio of 2.59.

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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