Southern Energy (CVE:SOU) Trading Down 17.4% – What’s Next?

Shares of Southern Energy Corp. (CVE:SOU) fell 17.4% on Monday . The company traded as low as C$0.10 and last traded at C$0.10. 1,368,644 shares traded hands during trading, an increase of 220% from the average session volume of 427,620 shares. The stock had previously closed at C$0.12.

Southern Energy Price Performance

The company has a market cap of C$31.13 million, a PE ratio of -2.83 and a beta of -0.68. The company has a quick ratio of 2.59, a current ratio of 0.37 and a debt-to-equity ratio of 103.68. The firm has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.07.

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.