Southern Energy (CVE:SOU) Stock Price Down 11.8% – Time to Sell?

Southern Energy Corp. (CVE:SOU)’s share price fell 11.8% during mid-day trading on Friday . The company traded as low as C$0.08 and last traded at C$0.08. 609,887 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 535,643 shares. The stock had previously closed at C$0.09.

Southern Energy Stock Down 5.9%

The company has a market cap of C$29.30 million, a PE ratio of -2.67 and a beta of -1.40. The stock’s 50 day moving average price is C$0.08 and its 200-day moving average price is C$0.08. The company has a debt-to-equity ratio of 103.68, a quick ratio of 2.59 and a current ratio of 0.37.

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.