Southern Energy (CVE:SOU) Stock Price Down 12.5% – Here’s What Happened

Southern Energy Corp. (CVE:SOU) fell 12.5% during trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. 1,013,175 shares traded hands during trading, an increase of 110% from the average session volume of 482,326 shares. The stock had previously closed at C$0.08.

Southern Energy Price Performance

The stock has a 50 day moving average of C$0.08 and a two-hundred day moving average of C$0.07. 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 market capitalization of C$27.47 million, a P/E ratio of -2.50 and a beta of -0.68.

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.