Southern Energy (CVE:SOU) Hits New 1-Year Low – Here’s What Happened

Shares of Southern Energy Corp. (CVE:SOU) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11, with a volume of 82420 shares changing hands. The stock had previously closed at C$0.11.

Southern Energy Stock Up 4.8 %

The firm has a market cap of C$18.32 million, a PE ratio of -0.26 and a beta of 1.17. 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 firm has a 50 day moving average price of C$0.14 and a 200-day moving average price of C$0.17.

Southern Energy (CVE:SOU) last posted its quarterly earnings results on Tuesday, August 20th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$4.24 million for the quarter. Research analysts forecast that Southern Energy Corp. will post 0.0782123 EPS for the current fiscal year.

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.