Steppe Gold (TSE:STGO) Trading Up 1.6% – Still a Buy?

Steppe Gold Ltd. (TSE:STGOGet Free Report)’s share price traded up 1.6% during mid-day trading on Tuesday . The company traded as high as C$0.64 and last traded at C$0.62. 52,520 shares were traded during mid-day trading, a decline of 56% from the average session volume of 118,038 shares. The stock had previously closed at C$0.61.

Steppe Gold Stock Performance

The stock has a market cap of C$156.75 million, a price-to-earnings ratio of -4.77 and a beta of 1.24. The company has a quick ratio of 0.10, a current ratio of 1.57 and a debt-to-equity ratio of 224.67. The company has a 50 day simple moving average of C$0.71 and a 200 day simple moving average of C$0.67.

Steppe Gold Company Profile

(Get Free Report)

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.

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