Southern Empire Resources (CVE:SMP) Shares Down 33.3% – Should You Sell?

Southern Empire Resources Corp. (CVE:SMPGet Free Report) shares were down 33.3% during mid-day trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 307,000 shares traded hands during trading, an increase of 415% from the average daily volume of 59,568 shares. The stock had previously closed at C$0.06.

Southern Empire Resources Price Performance

The stock has a market cap of C$3.13 million, a price-to-earnings ratio of -0.25 and a beta of 1.21. The company’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.03.

About Southern Empire Resources

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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.

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