Short Interest in Steppe Gold Ltd. (OTCMKTS:STPGF) Drops By 50.5%

Steppe Gold Ltd. (OTCMKTS:STPGF) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 269,044 shares, a decrease of 50.5% from the May 31st total of 543,247 shares. Based on an average daily volume of 75,747 shares, the days-to-cover ratio is currently 3.6 days.

Steppe Gold Stock Performance

Steppe Gold stock traded down $0.00 during mid-day trading on Tuesday, reaching $0.93. The company had a trading volume of 6,200 shares, compared to its average volume of 55,887. Steppe Gold has a fifty-two week low of $0.80 and a fifty-two week high of $1.80. The business has a fifty day simple moving average of $0.96 and a 200 day simple moving average of $1.18.

Steppe Gold Company Profile

Steppe Gold (OTCMKTS: STPGF) is a gold-focused mining and exploration company with principal operations in Mongolia. The company concentrates on the development, construction and operation of gold deposits, aiming to supply gold doré to regional refineries. Steppe Gold’s shares trade on the OTC Markets under the symbol STPGF.

The company’s flagship asset is the Altan Tsagaan Ovoo (ATO) mine, located in Mongolia’s Sukhbaatar province. ATO employs heap leaching and carbon-in-leach processing to produce doré bars, with commercial production achieved in late 2021.