Steppe Gold Ltd. (TSE:STGO – Get Rating)’s share price was down 0.8% on Friday . The stock traded as low as C$1.20 and last traded at C$1.24. Approximately 46,000 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 48,048 shares. The stock had previously closed at C$1.25.
Wall Street Analysts Forecast Growth
Separately, Fundamental Research reissued a “buy” rating and issued a C$3.37 target price (down from C$3.52) on shares of Steppe Gold in a research report on Tuesday, November 15th.
Steppe Gold Price Performance
The stock’s 50-day moving average is C$1.13 and its 200 day moving average is C$1.08. The stock has a market capitalization of C$86.91 million and a PE ratio of -2.22. The company has a quick ratio of 0.10, a current ratio of 0.88 and a debt-to-equity ratio of 748.12.
Steppe Gold Company Profile
Steppe Gold Ltd. acquires, explores for, develops, and operates precious metals in Mongolia. Its principal projects are the Altan Tsagaan Ovoo gold and silver project comprising one mining license covering an area of approximately 5,492.63 hectares located in the territory of Tsagaan Ovoo soum, Dornod province of Eastern Mongolia; and the Uudam Khundii property that covers an area of 14,397 hectares located in Ulaanbaatar, Bayankhongor Province.
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