Southern Energy (CVE:SOU) Stock Price Down 6.3% – Time to Sell?

Southern Energy Corp. (CVE:SOU) shares traded down 6.3% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.08. 75,346 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 203,670 shares. The stock had previously closed at C$0.08.

Southern Energy Price Performance

The company has a debt-to-equity ratio of 103.68, a quick ratio of 2.59 and a current ratio of 0.37. The business has a 50 day simple moving average of C$0.08 and a 200-day simple moving average of C$0.07. The firm has a market cap of C$25.22 million, a price-to-earnings ratio of -2.50 and a beta of -0.27.

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.