Southern Empire Resources Corp (OTCMKTS:SMPEF) Stock Continues to Trade in a Range

The stock may have been trading within a range but that does not mean that the Southern Empire Resources Corp (OTCMKTS:SMPEF) is a stock that ought to be ignored today. The market may not have reacted much yesterday but the company did make a major announcement that could have a significant effect on it in the longer term.

Market Stats

On Thursday, SMPEF stock ended flat at $0.10 with 10k shares, compared to its average volume of 1.4K shares. The stock has moved within a range of $0.1000 – 0.1000 after opening trading at $0.10.

Southern Empire Appoints Larry Kornze as an Advisor & Updates Pedro Drilling

The company announced yesterday that it had appointed Larry Kronze as an advisor. It is a major new appointment for the company and considering Kronze’ credentials, it now remains to be seen if Southern Empire Resources Corp gets the boost from his advisory services in the near to medium term or not.

The Chief Executive Officer of the company Dale Wallster spoke about the appointment as well. He noted that Kronze is a highly experienced executive with an experience spanning more than 4 decades in the gold industry. More importantly, most of his career as gold sector professional had been spent at Barrick Gold, one of the biggest gold companies in the world. Hence, despite the fact that the stock traded in a range yesterday, it may be a good idea to keep the stock in your watch lists.