Steppe Gold (TSE:STGO) Shares Down 7.4% – Here’s What Happened

Steppe Gold Ltd. (TSE:STGO) shares fell 7.4% during trading on Tuesday . The stock traded as low as C$1.87 and last traded at C$1.89. 376,092 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 772,206 shares. The stock had previously closed at C$2.04.

Steppe Gold Stock Performance

The company has a current ratio of 1.19, a quick ratio of 0.10 and a debt-to-equity ratio of 152.25. The firm has a market capitalization of C$477.84 million, a price-to-earnings ratio of 26.62 and a beta of 1.52. The company has a 50-day moving average of C$2.01 and a 200-day moving average of C$1.86.

Steppe Gold (TSE:STGO) last released its quarterly earnings data on Friday, November 14th. The company reported C$0.03 EPS for the quarter. Steppe Gold had a negative net margin of 6.26% and a negative return on equity of 8.00%. The firm had revenue of C$40.93 million during the quarter. On average, equities research analysts forecast that Steppe Gold Ltd. will post 0.2892308 earnings per share for the current fiscal year.

Steppe Gold Company Profile

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.