Southern Empire Resources (CVE:SMP) Sets New 52-Week Low at $0.19

Southern Empire Resources Corp. (CVE:SMP)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.19 and last traded at C$0.19, with a volume of 14500 shares. The stock had previously closed at C$0.21.

Separately, Fundamental Research set a C$0.42 price target on Southern Empire Resources and gave the company a “buy” rating in a research note on Tuesday, July 6th.

The firm has a market capitalization of C$9.67 million and a P/E ratio of 6.72.

About Southern Empire Resources (CVE:SMP)

Southern Empire Resources Corp. engages in the acquisition, exploration, and development of gold deposits in North America. It has an option to acquire 75% interest in the Oro Cruz Property covering 2,160 hectares located in the Cargo Muchacho mountains of Imperial County, southeast California. The company also owns an 85% interest in the Eastgate Gold Project with 101 unpatented BLM lode mining claims covering 817 hectares located in Churchill County, Nevada.

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