Southern Empire Resources (CVE:SMP) Shares Down 18.8% – Here’s What Happened

Shares of Southern Empire Resources Corp. (CVE:SMPGet Free Report) were down 18.8% on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.07. Approximately 618,900 shares were traded during mid-day trading, an increase of 874% from the average daily volume of 63,540 shares. The stock had previously closed at C$0.08.

Southern Empire Resources Trading Down 18.8%

The company has a market cap of C$4.52 million, a price-to-earnings ratio of -0.36 and a beta of 1.20. The company’s 50 day moving average price is C$0.05 and its 200 day moving average price is C$0.04.

About Southern Empire Resources

(Get Free Report)

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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