Southern Energy (CVE:SOU) Shares Down 12.5% – Here’s Why

Southern Energy Corp. (CVE:SOUGet Free Report) traded down 12.5% during trading on Tuesday . The company traded as low as C$0.07 and last traded at C$0.07. 625,000 shares traded hands during mid-day trading, an increase of 295% from the average session volume of 158,362 shares. The stock had previously closed at C$0.08.

Southern Energy Trading Down 18.8 %

The stock has a fifty day moving average of C$0.13 and a 200 day moving average of C$0.12. The company has a debt-to-equity ratio of 103.68, a quick ratio of 2.59 and a current ratio of 0.37. The company has a market capitalization of C$10.82 million, a PE ratio of -0.15 and a beta of 1.17.

About Southern Energy

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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.

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