SouthGobi Resources Ltd. (OTCMKTS:SGQRF) Sees Significant Growth in Short Interest

SouthGobi Resources Ltd. (OTCMKTS:SGQRF) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 51,100 shares, a growth of 546.8% from the February 13th total of 7,900 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days. Approximately 0.0% of the company’s shares are short sold.

SouthGobi Resources Stock Performance

SGQRF stock remained flat at $0.30 during midday trading on Friday. SouthGobi Resources has a 52-week low of $0.00 and a 52-week high of $0.48. The stock has a market cap of $88.88 million, a P/E ratio of 2.14 and a beta of 57.63. The firm’s fifty day moving average is $0.30 and its two-hundred day moving average is $0.30.

About SouthGobi Resources

SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia and Hong Kong. The company primarily explores for coking and thermal coal. Its flagship project is the Ovoot Tolgoi open pit coal mine located in the Umnugobi Aimag of Mongolia.