Southern Energy (CVE:SOU) Stock Price Up 15.4% – Here’s Why

Southern Energy Corp. (CVE:SOUGet Free Report)’s stock price was up 15.4% during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 794,752 shares were traded during mid-day trading, an increase of 159% from the average daily volume of 306,661 shares. The stock had previously closed at C$0.07.

Southern Energy Trading Down 6.7%

The company has a market capitalization of C$23.54 million, a PE ratio of -1.40 and a beta of -0.21. The company has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of C$0.06. The company has a current ratio of 0.37, a quick ratio of 2.59 and a debt-to-equity ratio of 103.68.

About Southern Energy

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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.

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