Southern Empire Resources (CVE:SMP) Trading 50% Higher – What’s Next?

Southern Empire Resources Corp. (CVE:SMP)’s share price rose 50% during mid-day trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 340,499 shares changed hands during trading, an increase of 38% from the average daily volume of 246,999 shares. The stock had previously closed at C$0.02.

Southern Empire Resources Price Performance

The firm has a fifty day simple moving average of C$0.03 and a 200 day simple moving average of C$0.05. The company has a market cap of C$2.37 million, a price-to-earnings ratio of -0.70 and a beta of 1.23.

Southern Empire Resources Company Profile

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.