Southern Empire Resources (CVE:SMP) Shares Up 50% – Here’s What Happened

Southern Empire Resources Corp. (CVE:SMPGet Free Report)’s share price traded up 50% during mid-day trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. 210,999 shares were traded during trading, an increase of 17% from the average session volume of 180,749 shares. The stock had previously closed at C$0.02.

Southern Empire Resources Price Performance

The company’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.05. The firm has a market cap of C$2.37 million, a price-to-earnings ratio of -0.70 and a beta of 1.23.

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.

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