Southern Energy (CVE:SOU) Stock Price Down 13.3% – Time to Sell?

Shares of Southern Energy Corp. (CVE:SOU) were down 13.3% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 654,440 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 540,288 shares. The stock had previously closed at C$0.08.

Southern Energy Trading Down 6.7%

The stock has a market capitalization of C$25.64 million, a price-to-earnings ratio of -2.33 and a beta of -1.48. The company has a current ratio of 0.37, a quick ratio of 2.59 and a debt-to-equity ratio of 103.68. The company has a fifty day moving average of C$0.08 and a two-hundred day moving average of C$0.07.

Southern Energy Company Profile

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.