SouthGobi Resources (OTCMKTS:SGQRF) Releases Earnings Results

SouthGobi Resources (OTCMKTS:SGQRF) posted its quarterly earnings data on Friday. The company reported ($0.38) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $171.86 million for the quarter.

SouthGobi Resources Price Performance

SGQRF stock opened at $0.28 on Friday. The firm has a 50 day moving average of $0.28 and a 200 day moving average of $0.30. SouthGobi Resources has a 52 week low of $0.28 and a 52 week high of $0.41. The stock has a market capitalization of $83.05 million, a PE ratio of 6.99 and a beta of -0.21.

SouthGobi Resources Company Profile

SouthGobi Resources Ltd. is a Vancouver-based exploration and development company focused on coal assets in the South Gobi region of Mongolia. The company’s operations center on the Ovoot Tolgoi deposit, where it holds a majority interest and employs open-pit mining methods to extract semi-soft coking coal and thermal coal. Situated near critical rail and port infrastructure, SouthGobi serves steelmakers and power generators in nearby Asian markets.

SouthGobi’s principal products include high-quality coking coal, which is used in steel production, as well as thermal coal for power generation and industrial applications.