Steppe Cement Ltd. (LON:STCM – Get Free Report) shot up 11.4% on Wednesday. The company traded as high as GBX 46 and last traded at GBX 44. Approximately 588,752 shares changed hands during mid-day trading, an increase of 364% from the average session volume of 126,803 shares. The stock had previously closed at GBX 39.50.
Steppe Cement Stock Performance
The company has a current ratio of 2.51, a quick ratio of 1.63 and a debt-to-equity ratio of 3.02. The company’s 50-day moving average price is GBX 31.39 and its two-hundred day moving average price is GBX 23.15. The company has a market cap of £96.80 million, a P/E ratio of 7.61 and a beta of 0.71.
About Steppe Cement
Steppe Cement Ltd., an investment holding company, engages in the production and sale of cement and clinkers in Kazakhstan. It also provides consultancy services; and transmission and distribution of electricity. The company was incorporated in 2004 and is based in Kuala Lumpur, Malaysia.
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