Steppe Gold (TSE:STGO) Stock Price Up 1.6% - Should You Buy?

Key Points

• Steppe Gold Ltd. (TSE:STGO) saw its share price increase by 1.6%, closing at C$1.27, with a trading volume significantly lower than its average.
• The company operates in the precious metals sector, particularly focusing on opportunities in Mongolia with key projects like the Altan Tsagaan Ovoo Project.
• Steppe Gold has a market capitalization of C$231.40 million and a high debt-to-equity ratio of 152.25, indicating significant leverage.

Steppe Gold Ltd. (TSE:STGO - )'s share price was up 1.6% during mid-day trading on Thursday . The company traded as high as C$1.28 and last traded at C$1.27. Approximately 76,138 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 222,937 shares. The stock had previously closed at C$1.25.

Steppe Gold Price Performance

The company has a 50-day moving average of C$1.27 and a 200 day moving average of C$0.93. The company has a quick ratio of 0.10, a current ratio of 1.19 and a debt-to-equity ratio of 152.25. The stock has a market capitalization of C$231.40 million, a PE ratio of -22.58 and a beta of 1.24.

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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