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

Southern Empire Resources Corp. (CVE:SMP) shares rose 50% on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 340,499 shares traded hands during 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 Stock Performance

The company has a market cap of C$2.03 million, a P/E ratio of -0.60 and a beta of 1.23. The business’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.05.

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.