Southern Empire Resources Corp. (CVE:SMP – Get Free Report) shares dropped 26.7% during mid-day trading on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.06. Approximately 132,162 shares were traded during mid-day trading, an increase of 105% from the average daily volume of 64,614 shares. The stock had previously closed at C$0.08.
Southern Empire Resources Price Performance
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 cap of C$3.83 million, a P/E ratio of -0.31 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.
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