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

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

Steppe Gold Price Performance

The company has a fifty day simple moving average of C$0.76 and a two-hundred day simple moving average of C$0.67. The company has a debt-to-equity ratio of 224.67, a quick ratio of 0.10 and a current ratio of 1.57. The company has a market capitalization of C$166.87 million, a price-to-earnings ratio of -5.19 and a beta of 1.24.

Steppe Gold Company Profile

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.