Southern Energy (CVE:SOU) Stock Price Down 11.8% – Here’s What Happened

Shares of Southern Energy Corp. (CVE:SOU) fell 11.8% during trading on Friday . The stock 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 Trading Down 11.8%

The company has a debt-to-equity ratio of 103.68, a quick ratio of 2.59 and a current ratio of 0.37. The stock has a market cap of C$27.47 million, a P/E ratio of -2.50 and a beta of -1.40. The company has a 50-day simple moving average of C$0.08 and a 200-day simple moving average of C$0.08.

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.