Southern Energy (CVE:SOU) Hits New 12-Month Low at $0.04
Shares of Southern Energy Corp (CVE:SOU) hit a new 52-week low during trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 128000 shares. The stock had previously closed at C$0.05.
Separately, Cormark cut their price objective on Southern Energy from C$0.25 to C$0.20 in a report on Friday, August 30th.
The company has a market capitalization of $10.07 million and a P/E ratio of -1.08. The company’s fifty day simple moving average is C$0.05. The company has a debt-to-equity ratio of 146.56, a current ratio of 0.19 and a quick ratio of 0.16.
Southern Energy Corp. engages in the exploration, development, and production of petroleum and natural gas in Canada. It has interest in the Chin Coulee producing oil property located in Alberta. The company was formerly known as Standard Exploration Ltd. and changed its name to Southern Energy Corp.
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