Shares of Southern Empire Resources Corp. (CVE:SMP – Get Free Report) dropped 27.3% on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 198,002 shares were traded during trading, an increase of 201% from the average daily volume of 65,735 shares. The stock had previously closed at C$0.06.
Southern Empire Resources Stock Performance
The firm’s 50-day moving average price is C$0.05 and its two-hundred day moving average price is C$0.04. The firm has a market cap of C$2.78 million, a PE ratio of -0.22 and a beta of 1.20.
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. was incorporated in 2017 and is headquartered in Vancouver, Canada.
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