Southern Energy (CVE:SOU) Shares Up 15.4% – Time to Buy?

Southern Energy Corp. (CVE:SOU) was up 15.4% on Monday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 1,872,051 shares changed hands during mid-day trading, an increase of 229% from the average daily volume of 568,155 shares. The stock had previously closed at C$0.07.

Southern Energy Trading Up 15.4%

The firm has a market cap of C$27.47 million, a price-to-earnings ratio of -2.50 and a beta of -1.48. The business has a 50 day moving average of C$0.07 and a 200 day moving average of C$0.07. The company has a quick ratio of 2.59, a current ratio of 0.37 and a debt-to-equity ratio of 103.68.

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.