Southern Energy (CVE:SOU) Shares Down 11.8% – Should You Sell?

Southern Energy Corp. (CVE:SOUGet Free Report) traded down 11.8% during mid-day trading on Monday . The company traded as low as C$0.08 and last traded at C$0.08. 282,172 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 345,234 shares. The stock had previously closed at C$0.09.

Southern Energy Stock Performance

The company has a market cap of C$26.90 million, a PE ratio of -2.67 and a beta of -0.12. The stock has a 50 day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.06. 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

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

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