Southern Energy Corp (CVE:SOU)’s share price was up 10% on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06, approximately 1,669,000 shares were traded during trading. An increase of 723% from the average daily volume of 202,880 shares. The stock had previously closed at C$0.05.
Separately, Cormark decreased their target price on shares of Southern Energy from C$0.25 to C$0.20 in a research report on Friday, August 30th.
The company has a debt-to-equity ratio of 146.56, a current ratio of 0.19 and a quick ratio of 0.16. The company’s 50-day moving average price is C$0.06. The firm has a market cap of $11.19 million and a price-to-earnings ratio of -1.35.
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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