Steppe Gold (TSE:STGO) Shares Down 16.2% – Here’s Why

Shares of Steppe Gold Ltd. (TSE:STGOGet Free Report) dropped 16.2% on Friday . The stock traded as low as C$1.87 and last traded at C$1.91. Approximately 4,011,729 shares were traded during trading, an increase of 1,086% from the average daily volume of 338,147 shares. The stock had previously closed at C$2.28.

Steppe Gold Stock Performance

The company has a market cap of C$482.90 million, a P/E ratio of 14.92 and a beta of 1.30. The company’s 50-day moving average price is C$1.94 and its two-hundred day moving average price is C$1.46. The company has a current ratio of 1.19, a quick ratio of 0.10 and a debt-to-equity ratio of 152.25.

About Steppe Gold

(Get Free Report)

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.

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