Southern Empire Resources (CVE:SMP) Trading Down 18.8% – Here’s Why
by Tristan Rich · The Markets DailySouthern Empire Resources Corp. (CVE:SMP – Get Free Report)’s share price fell 18.8% during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.07. 618,900 shares traded hands during trading, an increase of 874% from the average session volume of 63,540 shares. The stock had previously closed at C$0.08.
Southern Empire Resources Stock Performance
The company’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.04. The stock has a market capitalization of C$4.52 million, a PE ratio of -0.36 and a beta of 1.20.
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. was incorporated in 2017 and is headquartered in Vancouver, Canada.