Southern Energy Corp (TSX-V:SOU, AIM:SOUC, OTC:MAXMD) is a top performing energy stock, according to the TSX Venture Exchange.
The energy firm was ranked as a top performer in the 2023 TSX Venture 50, which is comprised of the top 50 from over 1,700 companies on the TSX Venture Exchange.
The ranking is an equal weighting of each firm's performance during 2022 across three key indicators: market capitalization growth, share price appreciation, and trading volume, Southern Energy noted.
READ: Southern Energy posts strong third quarter as it lifts production amid higher commodity prices
Venture 50 companies have experienced tremendous growth over 2022, offered returns to their shareholders, and are actively traded in the market, the firm added.
"We are extremely proud to have earned a 2023 TSX Venture Top 50 ranking, selected from 1,713 TSXV issuers,” Southern Energy CEO Ian Atkinson said.
“This privileged award validates the quality of Gulf Coast US oil and natural gas assets assembled by the company and recognizes the achievements of our team.”
Based in Calgary, Southern Energy’s primary focus is on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas.
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