Southern Empire Resources (CVE:SMP) Stock Price Down 18.8% – Here’s Why

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

Southern Empire Resources Trading Down 18.8%

The business has a 50 day moving average of C$0.05 and a 200-day moving average of C$0.04. The stock has a market cap of C$4.52 million, a PE ratio of -0.36 and a beta of 1.20.

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. was incorporated in 2017 and is headquartered in Vancouver, Canada.

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