SouthGobi Resources Ltd. (OTCMKTS:SGQRF – Get Free Report)’s stock price shot up 6% during mid-day trading on Monday . The stock traded as high as $0.30 and last traded at $0.30. 300 shares traded hands during trading, a decline of 91% from the average session volume of 3,460 shares. The stock had previously closed at $0.28.
SouthGobi Resources Trading Up 6.0 %
The stock’s 50-day moving average price is $0.30 and its 200-day moving average price is $0.38. The stock has a market cap of $88.89 million, a price-to-earnings ratio of 30.00 and a beta of 57.63.
SouthGobi Resources (OTCMKTS:SGQRF – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $92.82 million for the quarter. SouthGobi Resources had a net margin of 17.66% and a negative return on equity of 45.21%.
About SouthGobi Resources
SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia and Hong Kong. The company primarily explores for coking and thermal coal. Its flagship project is the Ovoot Tolgoi open pit coal mine located in the Umnugobi Aimag of Mongolia.
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