Southern Empire Resources (CVE:SMP) Trading 38.5% Higher – Here’s Why

Shares of Southern Empire Resources Corp. (CVE:SMP – Get Free Report) rose 38.5% during trading on Saturday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 167,006 shares were traded during mid-day trading, an increase of 144% from the average daily volume of 68,392 shares. The stock had previously closed at C$0.07.

Southern Empire Resources Price Performance

The firm’s 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.05. The company has a market cap of C$6.26 million, a P/E ratio of -0.50 and a beta of 2.73.

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. was incorporated in 2017 and is headquartered in Vancouver, Canada.

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