Steppe Gold (TSE:STGO) Shares Down 4.1%

Steppe Gold Ltd. (TSE:STGOGet Free Report)’s stock price fell 4.1% during trading on Monday . The company traded as low as C$0.70 and last traded at C$0.71. 60,925 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 77,403 shares. The stock had previously closed at C$0.74.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on STGO

Steppe Gold Price Performance

The company has a current ratio of 1.21, a quick ratio of 0.10 and a debt-to-equity ratio of 65.59. The stock has a market cap of C$68.99 million, a PE ratio of 2.64 and a beta of 1.15. The company has a fifty day moving average of C$0.71 and a 200-day moving average of C$0.70.

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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