SouthGobi Resources (OTCMKTS:SGQRF) Announces Earnings Results

Key Points

• SouthGobi Resources reported a quarterly EPS of ($0.08), with a net margin of 10.12% and a negative return on equity of 15.18%.
• The company's stock price remained flat at $0.41, with a market capitalization of $120.34 million and a price-to-earnings ratio of 2.54.
• SouthGobi operates as an integrated coal mining company, focusing on coking and thermal coal, with its flagship project being the Ovoot Tolgoi open pit coal mine in Mongolia.

SouthGobi Resources (OTCMKTS:SGQRF - Get Free Report) announced its earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. SouthGobi Resources had a net margin of 5.59% and a negative return on equity of 15.18%. The business had revenue of $155.29 million for the quarter.

SouthGobi Resources Stock Performance

OTCMKTS:SGQRF remained flat at $0.4056 during mid-day trading on Tuesday. The firm has a 50 day simple moving average of $0.41 and a two-hundred day simple moving average of $0.36. SouthGobi Resources has a 12-month low of $0.33 and a 12-month high of $0.4056. The company has a market capitalization of $120.34 million, a P/E ratio of 4.51 and a beta of 72.07.

About SouthGobi Resources

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