Steppe Gold (TSE:STGO) Stock Price Down 7.4% – What’s Next?

Steppe Gold Ltd. (TSE:STGO) shares fell 7.4% on Tuesday . The stock traded as low as C$1.87 and last traded at C$1.89. 376,092 shares were traded during trading, a decline of 51% from the average session volume of 772,206 shares. The stock had previously closed at C$2.04.

Steppe Gold Stock Down 7.4%

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’s fifty day simple moving average is C$2.01 and its 200-day simple moving average is C$1.86. The stock has a market cap of C$477.84 million, a P/E ratio of 26.62 and a beta of 1.52.

Steppe Gold (TSE:STGO) last announced its quarterly earnings results on Friday, November 14th. The company reported C$0.03 earnings per share for the quarter. The business had revenue of C$40.93 million for the quarter. Steppe Gold had a negative return on equity of 8.00% and a negative net margin of 6.26%. On average, research analysts anticipate that Steppe Gold Ltd. will post 0.2892308 earnings per share 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.