SouthGobi Resources Ltd. (TSE:SGQ – Get Free Report) shares rose 5.6% on Monday . The company traded as high as C$0.19 and last traded at C$0.19. Approximately 25,500 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 24,220 shares. The stock had previously closed at C$0.18.
SouthGobi Resources Price Performance
The firm’s fifty day simple moving average is C$0.19. The stock has a market cap of C$56.09 million, a price-to-earnings ratio of -1.19 and a beta of 0.80.
About SouthGobi Resources
SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia, Hong Kong, and China. It primarily explores for coking and thermal coal. The company's flagship project is the Ovoot Tolgoi open pit coal mine located in the Umnugobi Aimag of Mongolia.
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