Southern Empire Resources (CVE:SMP) Shares Up 50% – Should You Buy?

Southern Empire Resources Corp. (CVE:SMP) was up 50% during trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 340,499 shares changed hands during mid-day trading, an increase of 38% from the average daily volume of 246,999 shares. The stock had previously closed at C$0.02.

Southern Empire Resources Trading Up 50.0 %

The firm has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.05. The stock has a market cap of C$2.03 million, a P/E ratio of -0.60 and a beta of 1.23.

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.