SouthGobi Resources (TSE:SGQ) Share Price Crosses Below Two Hundred Day Moving Average of $0.17

SouthGobi Resources Ltd. (TSE:SGQGet Rating) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.17 and traded as low as C$0.16. SouthGobi Resources shares last traded at C$0.16, with a volume of 8,055 shares.

SouthGobi Resources Stock Down 11.1 %

The stock has a market capitalization of C$43.89 million and a price-to-earnings ratio of -0.87. The business has a 50-day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.17.

SouthGobi Resources Company Profile

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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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