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

Shares of Southern Empire Resources Corp. (CVE:SMP) fell 18.8% during trading on Monday . The company traded as low as C$0.06 and last traded at C$0.07. 487,900 shares changed hands during trading, an increase of 719% from the average session volume of 59,540 shares. The stock had previously closed at C$0.08.

Southern Empire Resources Stock Down 18.8%

The firm’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.04. The stock has a market cap of C$4.52 million, a P/E ratio of -0.36 and a beta of 1.20.

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