Shares of Southern Energy Corp. (CVE:SOU – Get Free Report) dropped 18.8% during mid-day trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.07. Approximately 1,822,310 shares changed hands during trading, an increase of 839% from the average daily volume of 194,074 shares. The stock had previously closed at C$0.08.
Southern Energy Price Performance
The business’s fifty day simple moving average is C$0.13 and its 200-day simple moving average is C$0.12. 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 firm has a market cap of C$10.82 million, a P/E ratio of -0.15 and a beta of 1.17.
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.
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