Steppe Gold (TSE:STGO) Stock Price Up 8.1% - Time to Buy?

Key Points

• Steppe Gold Ltd. (TSE:STGO) saw its stock price increase by 8.1%, trading at C$2.01 after closing at C$1.86.
• The trading volume surged to approximately 926,362 shares, marking a 235% increase over its average daily volume of 276,211 shares.
• Steppe Gold, a company focused on precious metals in Mongolia, has a market capitalization of C$508.18 million and a debt-to-equity ratio of 152.25.

Steppe Gold Ltd. (TSE:STGO - )'s stock price rose 8.1% during mid-day trading on Monday . The company traded as high as C$2.07 and last traded at C$2.01. Approximately 926,362 shares traded hands during mid-day trading, an increase of 235% from the average daily volume of 276,211 shares. The stock had previously closed at C$1.86.

Steppe Gold Trading Up 8.1%

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 stock has a market capitalization of C$508.18 million, a price-to-earnings ratio of 15.70 and a beta of 1.27. The business has a 50 day simple moving average of C$1.71 and a 200-day simple moving average of C$1.30.

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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