Southern Energy (CVE:SOU) Stock Price Down 12.5% – Here’s What Happened

Southern Energy Corp. (CVE:SOU)’s share price dropped 12.5% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 1,013,175 shares were traded during trading, an increase of 110% from the average daily volume of 482,326 shares. The stock had previously closed at C$0.08.

Southern Energy Stock Performance

The firm has a market cap of C$27.47 million, a price-to-earnings ratio of -2.50 and a beta of -0.68. The firm’s 50 day moving average is C$0.08 and its 200-day moving average is 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

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.