Steppe Gold (TSE:STGO) Stock Price Down 3.7% - Here's What Happened

Key Points

• Stock movement: Steppe Gold shares fell 3.7% to C$1.29 with about 203,012 shares traded, roughly a 66% decline from average daily volume.
• Balance-sheet and valuation: The company has a market cap of C$326.15M and a P/E of 10.16, but carries high leverage with a debt-to-equity ratio of 90.61 and a low quick ratio (0.10).
• Recent results and outlook: The firm reported quarterly EPS of C$0.05 on C$217.79M revenue, with a 25.27% ROE and 12.88% net margin, and analysts forecast about C$0.289 EPS for the current year.

Steppe Gold Ltd. (TSE:STGO - Get Free Report)'s share price was down 3.7% during trading on Wednesday . The stock traded as low as C$1.29 and last traded at C$1.29. Approximately 203,012 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 604,854 shares. The stock had previously closed at C$1.34.

Steppe Gold Stock Down 3.7%

The company has a debt-to-equity ratio of 90.61, a current ratio of 1.98 and a quick ratio of 0.10. The stock has a market capitalization of C$326.15 million, a P/E ratio of 10.16 and a beta of 1.50. The firm has a 50-day simple moving average of C$1.47 and a 200 day simple moving average of C$1.81.

Steppe Gold (TSE:STGO - Get Free Report) last posted its earnings results on Wednesday, April 1st. The company reported C$0.05 EPS for the quarter. The firm had revenue of C$217.79 million during the quarter. Steppe Gold had a return on equity of 25.27% and a net margin of 12.88%. On average, equities research analysts forecast that Steppe Gold Ltd. will post 0.2892308 EPS for the current year.

Steppe Gold Company Profile

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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