Shares of Southern Empire Resources Corp. (CVE:SMP – Get 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 changed hands 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 Stock Performance
The business has a 50 day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.05. The firm has a market capitalization of C$1.35 million, a P/E ratio of -0.40 and a beta of 1.23.
About Southern Empire Resources
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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