Southern Energy (CVE:SOU) Stock Price Down 15.8% – What’s Next?

Southern Energy Corp. (CVE:SOU)’s stock price dropped 15.8% during mid-day trading on Thursday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 351,750 shares were traded during trading, an increase of 126% from the average daily volume of 155,687 shares. The stock had previously closed at C$0.10.

Southern Energy Stock Down 15.8 %

The stock has a 50 day moving average price of C$0.13 and a 200-day moving average price of C$0.13. The stock has a market capitalization of C$13.32 million, a P/E ratio of -0.19 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.

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.