Southern Energy (CVE:SOU) Stock Price Down 11.8% – Here’s Why

Southern Energy Corp. (CVE:SOU) traded down 11.8% during trading on Friday . The company traded as low as C$0.08 and last traded at C$0.08. 609,887 shares changed hands during trading, an increase of 14% from the average session volume of 535,643 shares. The stock had previously closed at C$0.09.

Southern Energy Trading Down 11.8%

The stock has a market capitalization of C$27.47 million, a price-to-earnings ratio of -2.50 and a beta of -1.40. The company has a current ratio of 0.37, a quick ratio of 2.59 and a debt-to-equity ratio of 103.68. The company has a fifty day moving average of C$0.08 and a two-hundred day moving average of C$0.08.

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.