Southern Empire Resources (CVE:SMP) Stock Price Up 50% – Time to Buy?

Southern Empire Resources Corp. (CVE:SMP)’s share price was up 50% during mid-day trading on Wednesday . The stock 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 Stock Up 50.0 %

The firm has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.05. The firm 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.