SouthGobi Resources (TSE:SGQ) Shares Pass Below 200 Day Moving Average of $0.19

SouthGobi Resources Ltd. (TSE:SGQGet Rating)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.19 and traded as low as C$0.16. SouthGobi Resources shares last traded at C$0.16, with a volume of 10,837 shares trading hands.

SouthGobi Resources Stock Performance

The stock’s 50 day moving average price is C$0.18 and its 200 day moving average price is C$0.19. The company has a market capitalization of C$43.89 million and a P/E ratio of -0.87.

About SouthGobi Resources

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SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia, Hong Kong, and China. It primarily explores for coking and thermal coal. The company's flagship project is the Ovoot Tolgoi open pit coal mine located in the Umnugobi Aimag of Mongolia.

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