Southern Energy (CVE:SOU) Shares Up 23.1% – Time to Buy?

Southern Energy Corp. (CVE:SOUGet Free Report)’s share price rose 23.1% during trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 359,108 shares traded hands during trading, an increase of 8% from the average daily volume of 333,186 shares. The stock had previously closed at C$0.07.

Southern Energy Stock Performance

The company has a market cap of C$29.30 million, a P/E ratio of -2.67 and a beta of -0.19. The firm has a 50 day moving average price of C$0.07 and a 200-day moving average price of C$0.07. 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

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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.

Further Reading

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