Southern Empire Resources (CVE:SMP) Shares Down 26.7% – Here’s Why

Southern Empire Resources Corp. (CVE:SMPGet Free Report)’s stock price dropped 26.7% on Tuesday . The company traded as low as C$0.05 and last traded at C$0.06. Approximately 132,162 shares were traded during 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 Stock Performance

The company has a market capitalization of C$3.83 million, a P/E ratio of -0.31 and a beta of 1.20. The business has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.04.

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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