Southern Empire Resources (CVE:SMP) Shares Up 40% – Here’s Why

Shares of Southern Empire Resources Corp. (CVE:SMPGet Free Report) were up 40% during mid-day trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 373,000 shares were traded during trading, an increase of 676% from the average daily volume of 48,078 shares. The stock had previously closed at C$0.05.

Southern Empire Resources Trading Up 28.6%

The stock has a market cap of C$6.21 million, a PE ratio of -0.53 and a beta of 0.94. The business has a 50-day moving average price of C$0.04 and a 200-day moving average price of 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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