On Thursday, the Southern Empire Resources Corp (OTCMKTS:SMPEF) stock did not have much of a move and stayed within a range. However, at the same time, it should be noted that there was a significant development with regards to Southern Empire Resources yesterday and it is something that investors could consider looking into.
Trading Data
On Thursday, SMPEF stock ended flat at $0.1067 with more than 5.2k shares, compared to its average volume of 4.98k shares. The stock has moved within a range of $0.1067 – 0.1067 after opening trade at $0.1095.
Southern Empire Updates its Méxican Operations
The company announced yesterday that it had got the radiometric, airborne magnetic and high resolution data in relation to its Pedro Gold Project. The project in question is situated in the north eastern region of the Durango State in Mexico.
In addition to that, Southern Empire Resources also noted that the Pedro Gold Project has shown potential for hosting epithermal and bonanza grade precious metal vein deposits. It goes without saying that it was an important observation and it is something that is expected to be on the minds of investors when they consider the stock.
The Vice President of Exploration at Southern Empire Resources David Tupper spoke about the situation as well. He stated that the preliminary data has provided significant clues about the structural setting of the property and also about the underlying plumbing system. It may be a good time to add the stock to your watch lists.
