Steppe Gold (TSE:STGO) Stock Price Down 1.6% - What's Next?

Key Points

• Steppe Gold Ltd. shares decreased by 1.6% to C$1.83, with a trading volume significantly exceeding the average at 573,459 shares.
• The company has a market cap of C$462.67 million and a high debt-to-equity ratio of 152.25, indicating potential financial risk.
• Steppe Gold is primarily focused on precious metals exploration and development in Mongolia, with key projects including the Altan Tsagaan Ovoo and Uudam Khundii properties.

Steppe Gold Ltd. (TSE:STGO - ) shares traded down 1.6% on Tuesday . The company traded as low as C$1.82 and last traded at C$1.83. 573,459 shares traded hands during trading, an increase of 138% from the average session volume of 240,574 shares. The stock had previously closed at C$1.86.

Steppe Gold Price Performance

The stock has a market cap of C$462.67 million, a P/E ratio of 14.30 and a beta of 1.20. The company has a current ratio of 1.19, a quick ratio of 0.10 and a debt-to-equity ratio of 152.25. The company's fifty day simple moving average is C$1.46 and its 200-day simple moving average is C$1.14.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.