Steppe Gold (TSE:STGO) Reaches New 1-Year High - Time to Buy?

Key Points

• Steppe Gold Ltd. shares reached a new 52-week high of C$2.00 during trading on Monday, indicating positive momentum in the stock.
• The company's market capitalization stands at C$485.43 million, with a P/E ratio of 15.00, reflecting its earnings potential.
• Steppe Gold is a precious metals exploration company operating primarily in Mongolia, focusing on projects like the Altan Tsagaan Ovoo Project and Uudam Khundii property.

Steppe Gold Ltd. (TSE:STGO - ) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$2.00 and last traded at C$1.91, with a volume of 476394 shares changing hands. The stock had previously closed at C$1.84.

Steppe Gold Price Performance

The firm's 50-day moving average is C$1.55 and its two-hundred day moving average is C$1.20. The company has a debt-to-equity ratio of 152.25, a current ratio of 1.19 and a quick ratio of 0.10. The company has a market cap of C$485.43 million, a P/E ratio of 15.00 and a beta of 1.27.

About Steppe Gold

Steppe Gold Ltd is a precious metals exploration and development company focused on opportunities in Mongolia. The company's projects include the Altan Tsagaan Ovoo Project (ATO Project) and Uudam Khundii property in Mongolia.

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