Steppe Gold (TSE:STGO) Stock Price Down 8% – Should You Sell?

Shares of Steppe Gold Ltd. (TSE:STGOGet Free Report) dropped 8% during trading on Friday . The stock traded as low as C$1.14 and last traded at C$1.15. Approximately 370,793 shares were traded during trading, a decline of 33% from the average daily volume of 552,573 shares. The stock had previously closed at C$1.25.

Steppe Gold Stock Performance

The stock has a market cap of C$290.75 million, a price-to-earnings ratio of 6.50 and a beta of 1.41. The company has a quick ratio of 0.10, a current ratio of 1.85 and a debt-to-equity ratio of 106.51. The company’s 50-day simple moving average is C$1.33 and its 200-day simple moving average is C$1.67.

Steppe Gold (TSE:STGOGet Free Report) last issued its earnings results on Wednesday, April 1st. The company reported C$0.05 EPS for the quarter. Steppe Gold had a return on equity of 32.00% and a net margin of 16.43%.The business had revenue of C$217.79 million during the quarter. Analysts predict that Steppe Gold Ltd. will post 0.2892308 EPS for the current fiscal year.

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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