Steppe Gold (TSE:STGO) Shares Down 2.8%

Steppe Gold Ltd. (TSE:STGOGet Free Report) fell 2.8% during mid-day trading on Thursday . The stock traded as low as C$0.70 and last traded at C$0.70. 15,500 shares were traded during mid-day trading, a decline of 75% from the average session volume of 62,469 shares. The stock had previously closed at C$0.72.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$2.97 price target on shares of Steppe Gold and gave the company a “buy” rating in a research report on Tuesday, December 5th.

Get Our Latest Report on STGO

Steppe Gold Price Performance

The company has a quick ratio of 0.10, a current ratio of 1.21 and a debt-to-equity ratio of 65.59. The stock has a market cap of C$73.17 million, a P/E ratio of 2.92 and a beta of 1.05. The firm’s fifty day moving average price is C$0.72 and its 200-day moving average price is C$0.71.

About Steppe Gold

(Get Free Report)

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 gold project comprising one exploration license covering an area of approximately 14,400 hectares located in Ulaanbaatar, Bayankhongor Province.

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