SouthGobi Resources Ltd. (OTCMKTS:SGQRF) Short Interest Update

SouthGobi Resources Ltd. (OTCMKTS:SGQRF) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 8,800 shares, a growth of 144.4% from the June 30th total of 3,600 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 88.0 days.

SouthGobi Resources Stock Performance

OTCMKTS:SGQRF remained flat at $0.34 during mid-day trading on Friday. The business has a 50 day moving average of $0.41 and a 200-day moving average of $0.42. The firm has a market capitalization of $102.12 million, a price-to-earnings ratio of 34.47 and a beta of 60.08. SouthGobi Resources has a 52 week low of $0.00 and a 52 week high of $0.48.

SouthGobi Resources (OTCMKTS:SGQRF) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.04 earnings per share (EPS) for the quarter. SouthGobi Resources had a net margin of 1.51% and a negative return on equity of 3.36%. The business had revenue of $82.17 million for the quarter.

SouthGobi Resources Company Profile

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