Steppe Gold (TSE:STGO) Stock Price Down 6.7% – Here’s What Happened

Steppe Gold Ltd. (TSE:STGO) shares traded down 6.7% on Monday . The company traded as low as C$0.67 and last traded at C$0.70. 248,037 shares were traded during mid-day trading, an increase of 110% from the average session volume of 118,037 shares. The stock had previously closed at C$0.75.

Steppe Gold Price Performance

The company has a 50 day moving average price of C$0.76 and a 200 day moving average price of C$0.67. The firm has a market cap of C$166.87 million, a PE ratio of -5.19 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 0.10 and a debt-to-equity ratio of 224.67.

About Steppe Gold

Steppe Gold Ltd. acquires, explores for, develops, and operates precious metals in Mongolia and Peru. Its principal assets 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; the Uudam Khundii gold project comprising one exploration license covering an area of approximately 14,400 hectares located in Uudam Khundii, Bayankhongor Province; and the Tres Cruces Project located within the Department of La Libertad in north-central Peru.