Steppe Gold (TSE:STGO) Trading Up 5.8% – Time to Buy?

Steppe Gold Ltd. (TSE:STGO) shares rose 5.8% during mid-day trading on Tuesday . The stock traded as high as C$1.27 and last traded at C$1.27. Approximately 512,614 shares changed hands during trading, a decline of 1% from the average session volume of 516,959 shares. The stock had previously closed at C$1.20.

Steppe Gold Stock Up 5.8%

The company has a quick ratio of 0.10, a current ratio of 1.85 and a debt-to-equity ratio of 73.45. The stock has a market cap of C$321.09 million, a price-to-earnings ratio of 7.18 and a beta of 1.41. The business’s fifty day moving average is C$1.28 and its two-hundred day moving average is C$1.54.

Steppe Gold (TSE:STGO) last announced its earnings results on Wednesday, April 1st. The company reported C$0.05 earnings per share for the quarter. The firm had revenue of C$217.79 million for the quarter. Steppe Gold had a net margin of 16.43% and a return on equity of 32.00%. Equities analysts forecast that Steppe Gold Ltd. will post 0.2892308 earnings per share 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.