Steppe Gold (OTCMKTS:STPGF) Trading Down 1.7% – Here’s What Happened

Steppe Gold Ltd. (OTCMKTS:STPGF)’s stock price dropped 1.7% during mid-day trading on Monday . The stock traded as low as $1.2660 and last traded at $1.27. Approximately 20,441 shares changed hands during trading, a decline of 60% from the average session volume of 51,566 shares. The stock had previously closed at $1.2920.

Steppe Gold Trading Down 1.7%

The company has a fifty day moving average of $1.02 and a two-hundred day moving average of $1.04.

Steppe Gold Company Profile

Steppe Gold (OTCMKTS: STPGF) is a gold-focused mining and exploration company with principal operations in Mongolia. The company concentrates on the development, construction and operation of gold deposits, aiming to supply gold doré to regional refineries. Steppe Gold’s shares trade on the OTC Markets under the symbol STPGF.

The company’s flagship asset is the Altan Tsagaan Ovoo (ATO) mine, located in Mongolia’s Sukhbaatar province. ATO employs heap leaching and carbon-in-leach processing to produce doré bars, with commercial production achieved in late 2021.