Southern Empire Resources (CVE:SMP) Trading Down 18.8% – Here’s Why

by · The Markets Daily

Southern Empire Resources Corp. (CVE:SMP – Get Free Report)’s stock price dropped 18.8% during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.07. Approximately 618,900 shares changed hands during trading, an increase of 874% from the average daily volume of 63,540 shares. The stock had previously closed at C$0.08.

Southern Empire Resources Stock Performance

The business has a 50-day simple moving average of C$0.05 and a 200 day simple moving average of C$0.04. The firm has a market cap of C$4.52 million, a P/E ratio of -0.36 and a beta of 1.20.

Southern Empire Resources Company Profile

(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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