Steppe Gold (OTCMKTS:STPGF) Stock Price Down 1.5% – Here’s What Happened

Steppe Gold Ltd. (OTCMKTS:STPGF)’s stock price dropped 1.5% on Wednesday . The stock traded as low as $1.44 and last traded at $1.45. Approximately 39,649 shares were traded during trading, an increase of 17% from the average daily volume of 33,805 shares. The stock had previously closed at $1.4720.

Steppe Gold Price Performance

The firm has a fifty day moving average of $1.39 and a 200-day moving average of $1.24.

About Steppe Gold

Steppe Gold (OTCMKTS: STPGF) is a gold-focused mining and exploration company with principal operations in Mongolia. The company concentrates on the development, construction and operation of gold deposits, aiming to supply gold doré to regional refineries. Steppe Gold’s shares trade on the OTC Markets under the symbol STPGF.

The company’s flagship asset is the Altan Tsagaan Ovoo (ATO) mine, located in Mongolia’s Sukhbaatar province. ATO employs heap leaching and carbon-in-leach processing to produce doré bars, with commercial production achieved in late 2021.