Southern Empire Resources (CVE:SMP) Shares Up 50% – Here’s What Happened
by Doug Wharley · The Cerbat GemSouthern Empire Resources Corp. (CVE:SMP – Get Free Report) shares rose 50% during mid-day trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 340,499 shares were traded during trading, an increase of 38% from the average daily volume of 246,999 shares. The stock had previously closed at C$0.02.
Southern Empire Resources Price Performance
The company has a market cap of C$2.37 million, a price-to-earnings ratio of -0.70 and a beta of 1.23. The business’s 50-day simple moving average is C$0.03 and its 200-day simple moving average is C$0.05.
About Southern Empire Resources
Southern Empire Resources Corp. engages in the acquisition, exploration, and development of metals and mineral resources in North America. It explores for gold deposits. The company was formerly known as Owl Capital Corp. and changed its name to Southern Empire Resources Corp. in March 2018. Southern Empire Resources Corp.
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