SouthGobi Resources (TSE:SGQ) Share Price Passes Below 200 Day Moving Average of $0.20

SouthGobi Resources Ltd. (TSE:SGQGet Rating)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.20 and traded as low as C$0.18. SouthGobi Resources shares last traded at C$0.20, with a volume of 74,352 shares traded.

The firm has a market cap of C$54.85 million and a P/E ratio of -1.09. The business’s fifty day simple moving average is C$0.18 and its 200-day simple moving average is C$0.20.

SouthGobi Resources (TSE:SGQGet Rating) last announced its quarterly earnings results on Wednesday, March 30th. The company reported C($0.05) earnings per share (EPS) for the quarter. The business had revenue of C$1.07 million for the quarter.

SouthGobi Resources Company Profile (TSE:SGQ)

SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia, Hong Kong, and China. It primarily explores for coking and thermal coal. The company's flagship project is the Ovoot Tolgoi open pit coal mine located in the Umnugobi Aimag of Mongolia.

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