Southern Energy (CVE:SOU) Shares Down 15.8% – Should You Sell?

Southern Energy Corp. (CVE:SOUGet Free Report) was down 15.8% on Thursday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 352,250 shares changed hands during mid-day trading, an increase of 126% from the average daily volume of 155,697 shares. The stock had previously closed at C$0.10.

Southern Energy Price Performance

The company’s fifty day moving average is C$0.13 and its two-hundred day moving average is C$0.13. The firm has a market capitalization of C$13.32 million, a price-to-earnings ratio of -0.19 and a beta of 1.17. The company has a quick ratio of 2.59, a current ratio of 0.37 and a debt-to-equity ratio of 103.68.

About Southern Energy

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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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