Southern Empire Resources (CVE:SMP) Shares Down 18.8% – Here’s Why
by Renee Jackson · The Cerbat GemShares of Southern Empire Resources Corp. (CVE:SMP – Get Free Report) were down 18.8% on Monday . The stock traded as low as C$0.06 and last traded at C$0.07. Approximately 618,900 shares traded 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 Trading Down 18.8%
The stock’s 50-day moving average price is C$0.05 and its 200-day moving average price is C$0.04. The company has a market capitalization of C$4.52 million, a P/E ratio of -0.36 and a beta of 1.20.
Southern Empire Resources Company Profile
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.