Southern Energy (CVE:SOU) Shares Down 11.1% – What’s Next?

Shares of Southern Energy Corp. (CVE:SOU) traded down 11.1% during mid-day trading on Tuesday . The stock traded as low as C$0.08 and last traded at C$0.08. 131,149 shares changed hands during trading, a decline of 74% from the average session volume of 498,673 shares. The stock had previously closed at C$0.09.

Southern Energy Stock Down 11.1%

The firm has a 50-day moving average price of C$0.08 and a 200 day moving average price of C$0.07. 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 company has a market cap of C$29.30 million, a price-to-earnings ratio of -2.67 and a beta of -0.68.

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. and changed its name to Southern Energy Corp. in January 2019. Southern Energy Corp. was incorporated in 2008 and is headquartered in Calgary, Canada.