Southern Energy (CVE:SOU) Shares Up 2.2%

Southern Energy Corp. (CVE:SOUGet Rating) shares shot up 2.2% during trading on Monday . The company traded as high as C$0.94 and last traded at C$0.94. 349,821 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 593,024 shares. The stock had previously closed at C$0.92.

Analyst Ratings Changes

Separately, Haywood Securities set a C$2.50 price objective on shares of Southern Energy and gave the company a “buy” rating in a research report on Thursday, October 6th.

Southern Energy Trading Up 2.2 %

The business’s 50 day moving average price is C$0.90 and its 200-day moving average price is C$0.93. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 33.22. The company has a market cap of C$127.75 million and a price-to-earnings ratio of 4.70.

Southern Energy (CVE:SOUGet Rating) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$13.16 million during the quarter. On average, equities analysts anticipate that Southern Energy Corp. will post 0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Southern Energy news, Director John Joseph Nally acquired 50,000 shares of the company’s stock in a transaction on Thursday, October 20th. The stock was acquired at an average price of C$0.56 per share, for a total transaction of C$27,975.00. Following the purchase, the director now directly owns 305,102 shares of the company’s stock, valued at C$170,704.57.

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 that covers an area of approximately 30,500 acres containing oil and gas production at Gwinville, Mechanicsburg, Williamsburg, and Mount Olive, Mississippi.

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