Southern Energy (CVE:SOU) Trading 15.4% Higher – Time to Buy?

Southern Energy Corp. (CVE:SOUGet Free Report) shares were up 15.4% on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 923,752 shares were traded during trading, an increase of 199% from the average daily volume of 308,514 shares. The stock had previously closed at C$0.07.

Southern Energy Price Performance

The stock has a market capitalization of C$23.54 million, a P/E ratio of -1.40 and a beta of -0.21. 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 firm has a fifty day moving average price of C$0.06 and a two-hundred day moving average price of C$0.06.

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.

Further Reading

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