Southern Energy (CVE:SOU) Shares Down 5.4%

Shares of Southern Energy Corp. (CVE:SOU) dropped 5.4% during trading on Monday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 71,810 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 129,210 shares. The stock had previously closed at C$0.19.

Southern Energy Stock Performance

The stock has a market cap of C$28.17 million, a price-to-earnings ratio of -3.50 and a beta of 1.17. The company has a current ratio of 0.29, a quick ratio of 2.59 and a debt-to-equity ratio of 33.28. The stock’s 50-day simple moving average is C$0.17 and its 200-day simple moving average is C$0.22.

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.