Southern Energy (CVE:SOU) Trading 6.3% Higher – Still a Buy?

Southern Energy Corp. (CVE:SOU) shares shot up 6.3% during mid-day trading on Friday . The stock traded as high as C$0.17 and last traded at C$0.17. 42,000 shares traded hands during trading, a decline of 73% from the average session volume of 158,390 shares. The stock had previously closed at C$0.16.

Southern Energy Stock Performance

The firm has a fifty day simple moving average of C$0.11 and a 200 day simple moving average of C$0.14. The company has a current ratio of 0.37, a quick ratio of 2.59 and a debt-to-equity ratio of 103.68. The stock has a market cap of C$28.31 million, a price-to-earnings ratio of -0.40 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.