Southern Energy (CVE:SOU) Trading Down 7.1% – Here’s Why

Southern Energy Corp. (CVE:SOU)’s stock price fell 7.1% during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.07. 374,610 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 383,922 shares. The stock had previously closed at C$0.07.

Southern Energy Stock Performance

The company’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.07. The company has a market capitalization of C$21.86 million, a price-to-earnings ratio of -2.17 and a beta of -0.19. The company has a debt-to-equity ratio of 103.68, a quick ratio of 2.59 and a current ratio of 0.37.

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.