Shares of Southern Energy Corp. (CVE:SOU – Get Free Report) dropped 15.4% on Thursday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 313,500 shares changed hands during trading, an increase of 78% from the average daily volume of 175,775 shares. The stock had previously closed at C$0.13.
Southern Energy Stock Down 15.4 %
The firm has a 50 day moving average price of C$0.13 and a 200-day moving average price of C$0.13. 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 firm has a market cap of C$18.32 million, a price-to-earnings ratio of -0.26 and a beta of 1.17.
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.
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