Steppe Gold (TSE:STGO) Trading Up 1% – Here’s Why

Steppe Gold Ltd. (TSE:STGO) rose 1% during mid-day trading on Tuesday . The company traded as high as C$1.98 and last traded at C$1.94. Approximately 418,969 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 374,691 shares. The stock had previously closed at C$1.92.

Steppe Gold Price Performance

The company has a debt-to-equity ratio of 152.25, a quick ratio of 0.10 and a current ratio of 1.19. The firm has a fifty day simple moving average of C$1.95 and a 200 day simple moving average of C$1.66. The company has a market capitalization of C$490.48 million, a PE ratio of 27.32 and a beta of 1.24.

Steppe Gold (TSE:STGO) last posted its quarterly earnings results on Friday, November 14th. The company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$40.93 million for the quarter. Steppe Gold had a negative return on equity of 8.00% and a negative net margin of 6.26%. Equities analysts anticipate that Steppe Gold Ltd. will post 0.2892308 EPS for the current year.

About Steppe Gold

Steppe Gold Ltd is a precious metals exploration and development company focused on opportunities in Mongolia. The company’s projects include the Altan Tsagaan Ovoo Project (ATO Project) and Uudam Khundii property in Mongolia.