Steppe Gold (TSE:STGO) Trading Down 3.7% – Here’s Why

Steppe Gold Ltd. (TSE:STGO)’s stock price fell 3.7% on Wednesday . The stock traded as low as C$1.29 and last traded at C$1.29. 203,012 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 604,854 shares. The stock had previously closed at C$1.34.

Steppe Gold Price Performance

The company has a market capitalization of C$328.68 million, a P/E ratio of 10.24 and a beta of 1.50. The company has a debt-to-equity ratio of 90.61, a current ratio of 1.98 and a quick ratio of 0.10. The firm’s 50-day moving average is C$1.46 and its 200-day moving average is C$1.80.

Steppe Gold (TSE:STGO) last issued its quarterly earnings results on Wednesday, April 1st. The company reported C$0.05 earnings per share for the quarter. The business had revenue of C$217.79 million for the quarter. Steppe Gold had a net margin of 12.88% and a return on equity of 25.27%. Analysts predict that Steppe Gold Ltd. will post 0.2892308 EPS for the current fiscal year.

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.