Southern Empire Resources (CVE:SMP) Shares Up 38.5% – Still a Buy?

by · The Cerbat Gem

Shares of Southern Empire Resources Corp. (CVE:SMP – Get Free Report) shot up 38.5% during mid-day trading on Friday . The company traded as high as C$0.09 and last traded at C$0.09. 167,006 shares were traded during trading, an increase of 144% from the average session volume of 68,392 shares. The stock had previously closed at C$0.07.

Southern Empire Resources Stock Performance

The firm has a market capitalization of C$6.26 million, a price-to-earnings ratio of -0.50 and a beta of 2.73. The company has a 50 day moving average price of C$0.06 and a two-hundred day moving average price of C$0.05.

About Southern Empire Resources

(Get Free Report)

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. was incorporated in 2017 and is headquartered in Vancouver, Canada.

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