Shares of Southern Energy Corp. (CVE:SOU – Get Free Report) were up 16.7% during mid-day trading on Thursday. The company traded as high as C$0.07 and last traded at C$0.07. 1,236,200 shares were traded during trading, an increase of 190% from the average daily volume of 426,438 shares. The stock had previously closed at C$0.06.
Southern Energy Trading Up 16.7%
The stock has a market capitalization of C$25.64 million, a price-to-earnings ratio of -3.50 and a beta of -0.97. The company’s 50 day moving average is C$0.07 and its 200 day moving average is C$0.07. The company has a debt-to-equity ratio of 103.68, a quick ratio of 2.59 and a current ratio of 0.37.
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. and changed its name to Southern Energy Corp. in January 2019. Southern Energy Corp. was incorporated in 2008 and is headquartered in Calgary, Canada.
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