Southern Empire Resources (CVE:SMP) Stock Price Up 38.5% – Time to Buy?

Southern Empire Resources Corp. (CVE:SMP)’s share price shot up 38.5% on Saturday . The company traded as high as C$0.09 and last traded at C$0.09. 167,006 shares traded hands during trading, an increase of 144% from the average session volume of 68,392 shares. The stock had previously closed at C$0.07.

Southern Empire Resources Stock Up 38.5%

The company has a market capitalization of C$6.26 million, a P/E ratio of -0.50 and a beta of 2.73. The business has a 50 day moving average of C$0.06 and a 200 day moving average of 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. was incorporated in 2017 and is headquartered in Vancouver, Canada.