Steppe Gold (TSE:STGO) Trading 2.9% Higher

Steppe Gold Ltd. (TSE:STGO – Get Rating)’s share price traded up 2.9% during trading on Monday . The stock traded as high as C$1.08 and last traded at C$1.08. 23,220 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 51,593 shares. The stock had previously closed at C$1.05.

Analysts Set New Price Targets

Separately, Fundamental Research restated a “buy” rating and set a C$3.37 target price (down from C$3.52) on shares of Steppe Gold in a report on Tuesday, November 15th.

Steppe Gold Stock Performance

The company’s fifty day simple moving average is C$1.12 and its two-hundred day simple moving average is C$1.08. The stock has a market capitalization of C$75.70 million, a P/E ratio of -3.86 and a beta of 1.10. The company has a debt-to-equity ratio of 748.12, a quick ratio of 0.10 and a current ratio of 0.88.

Steppe Gold Company Profile

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Steppe Gold Ltd. acquires, explores for, develops, and operates precious metals in Mongolia. Its principal projects are the Altan Tsagaan Ovoo gold and silver project comprising one mining license covering an area of approximately 5,492.63 hectares located in the territory of Tsagaan Ovoo soum, Dornod province of Eastern Mongolia; and the Uudam Khundii property that covers an area of 14,397 hectares located in Ulaanbaatar, Bayankhongor Province.