Southern Energy (CVE:SOU) Stock Price Down 11.8% – Here’s What Happened
by Jessica Moore · The Cerbat GemSouthern Energy Corp. (CVE:SOU – Get Free Report) shares fell 11.8% on Thursday . The stock traded as low as C$0.08 and last traded at C$0.08. 490,708 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 575,699 shares. The stock had previously closed at C$0.09.
Southern Energy Stock Down 5.9%
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 company has a market capitalization of C$29.30 million, a P/E ratio of -2.67 and a beta of -1.48. The firm has a 50-day moving average price of C$0.08 and a two-hundred day moving average price 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.