Steppe Gold (TSE:STGO) Trading Down 1.6% – Time to Sell?

Shares of Steppe Gold Ltd. (TSE:STGO) dropped 1.6% on Tuesday . The company traded as low as C$0.62 and last traded at C$0.63. Approximately 326,366 shares traded hands during mid-day trading, an increase of 179% from the average daily volume of 117,065 shares. The stock had previously closed at C$0.64.

Steppe Gold Price Performance

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 50-day moving average price of C$0.75 and a 200-day moving average price of C$0.67. The firm has a market capitalization of C$159.28 million, a P/E ratio of -4.85 and a beta of 1.24.

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.