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

Southern Energy Corp. (CVE:SOUGet Free Report)’s share price was down 15.8% during trading on Friday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 571,250 shares traded hands during mid-day trading, an increase of 256% from the average daily volume of 160,260 shares. The stock had previously closed at C$0.10.

Southern Energy Price Performance

The stock 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 50 day moving average of C$0.13 and a 200 day moving average of C$0.13. 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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