Southern Empire Resources (CVE:SMP) Trading Up 28.6% – Should You Buy?

Southern Empire Resources Corp. (CVE:SMP)’s share price traded up 28.6% during mid-day trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. 119,895 shares traded hands during trading, a decline of 25% from the average session volume of 160,473 shares. The stock had previously closed at C$0.04.

Southern Empire Resources Trading Up 28.6 %

The company has a market cap of C$3.04 million, a price-to-earnings ratio of -0.90 and a beta of 1.23. The stock’s 50-day moving average is C$0.03 and its 200-day moving average is C$0.04.

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.