Southern Energy (CVE:SOU) Hits New 1-Year Low at $0.03
Southern Energy Corp (CVE:SOU)’s stock price reached a new 52-week low on Monday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 44010 shares changing hands. The stock had previously closed at C$0.03.
Separately, Cormark dropped their price target on shares of Southern Energy from C$0.25 to C$0.20 in a research report on Friday, August 30th.
The stock has a market capitalization of $6.71 million and a P/E ratio of -0.68. The business has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.07. The company has a debt-to-equity ratio of 146.56, a quick ratio of 0.16 and a current ratio of 0.19.
Southern Energy Corp. engages in the exploration, development, and production of petroleum and natural gas in Canada. It has interest in the Chin Coulee producing oil property located in Alberta. The company was formerly known as Standard Exploration Ltd. and changed its name to Southern Energy Corp.
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