Southern Energy (CVE:SOU) Shares Climb 16.7% – Should You Buy?

Shares of Southern Energy Corp. (CVE:SOU – Get Free Report) shot up 16.7% on Thursday. The stock traded as high as C$0.07 and last traded at C$0.07. 1,236,200 shares changed hands during trading, an increase of 190% from the average daily volume of 426,438 shares. The stock had previously closed at C$0.06.

Southern Energy Price Performance

The company has a market capitalization of C$25.64 million, a PE ratio of -3.50 and a beta of -0.97. The company has a debt-to-equity ratio of 103.68, a current ratio of 0.37 and a quick ratio of 2.59. The company’s 50 day simple moving average is C$0.07 and its 200 day simple moving average is C$0.07.

About Southern Energy

(Get Free Report)

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.

Further Reading

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