Southern Energy (CVE:SOU) Shares Down 17.4% – Here’s Why

Southern Energy Corp. (CVE:SOU) shares were down 17.4% on Monday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 1,368,644 shares were traded during mid-day trading, an increase of 220% from the average daily volume of 427,620 shares. The stock had previously closed at C$0.12.

Southern Energy Stock Down 26.1%

The company’s fifty day simple moving average is C$0.07 and its 200-day simple moving average is C$0.07. The firm has a market capitalization of C$31.13 million, a PE ratio of -2.83 and a beta of -0.68. The company has a debt-to-equity ratio of 103.68, a current ratio of 0.37 and a quick ratio of 2.59.

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.