Southern Empire Resources (CVE:SMP) Shares Down 20% – Here’s Why

Southern Empire Resources Corp. (CVE:SMPGet Free Report) dropped 20% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 153,500 shares were traded during mid-day trading, an increase of 154% from the average daily volume of 60,346 shares. The stock had previously closed at C$0.03.

Southern Empire Resources Price Performance

The stock has a market cap of C$2.03 million, a PE ratio of -0.60 and a beta of 1.23. The business has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.05.

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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