Southern Empire Resources (CVE:SMP) Trading 30% Higher – Still a Buy?

Shares of Southern Empire Resources Corp. (CVE:SMPGet Free Report) were up 30% on Friday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 121,000 shares changed hands during trading, an increase of 81% from the average daily volume of 66,676 shares. The stock had previously closed at C$0.05.

Southern Empire Resources Trading Up 30.0%

The firm’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.04. The firm has a market cap of C$4.52 million, a price-to-earnings ratio of -0.36 and a beta of 1.20.

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. was incorporated in 2017 and is headquartered in Vancouver, Canada.

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