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Southern Empire Resources stock dropped 26.7% amid high trading volume, with no clear reason given.
Southern Empire Resources (CVE:SMP) shares plunged 26.7% on Tuesday, hitting a low of C$0.05 and closing at C$0.06, following a surge in trading volume to 132,162 shares—105% above average.
The Vancouver-based miner, focused on gold and mineral exploration, has a market cap of C$3.83 million and a negative P/E ratio of -0.31.
Its 50-day and 200-day moving averages are C$0.05 and C$0.04, respectively.
No specific reason for the drop was provided, though broader market volatility may have played a role.
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Las acciones de Southern Empire Resources cayeron un 26.7% en medio de un alto volumen de operaciones, sin una clara razón dada.