Steppe Gold Ltd. (TSE:STGO - Get Free Report)'s stock price was down 4.1% during trading on Monday . The company traded as low as C$0.70 and last traded at C$0.71. Approximately 60,925 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 77,403 shares. The stock had previously closed at C$0.74.
Wall Street Analysts Forecast Growth
Separately, Fundamental Research set a C$2.97 price target on shares of Steppe Gold and gave the stock a "buy" rating in a report on Tuesday, December 5th.
Get Our Latest Analysis on STGO
Steppe Gold Price Performance
The company has a quick ratio of 0.10, a current ratio of 1.21 and a debt-to-equity ratio of 65.59. The business's 50-day moving average is C$0.71 and its two-hundred day moving average is C$0.70. The company has a market capitalization of C$70.04 million, a P/E ratio of 2.68 and a beta of 1.15.
Steppe Gold Company Profile
(
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Steppe Gold Ltd. acquires, explores for, develops, and operates precious metals in Mongolia. Its principal projects are the Altan Tsagaan Ovoo gold and silver project comprising one mining license covering an area of approximately 5,492.63 hectares located in the territory of Tsagaan Ovoo soum, Dornod province of Eastern Mongolia; and the Uudam Khundii gold project comprising one exploration license covering an area of approximately 14,400 hectares located in Ulaanbaatar, Bayankhongor Province.
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