SouthGobi Resources (TSE:SGQ) Shares Up 5.6% – Should You Buy?

SouthGobi Resources Ltd. (TSE:SGQGet Free Report)’s stock price was up 5.6% during mid-day trading on Monday . The company traded as high as C$0.19 and last traded at C$0.19. Approximately 25,500 shares traded hands during 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 Trading Up 5.6 %

The firm has a fifty day moving average price of C$0.19. The company has a market cap of C$56.09 million, a PE ratio of -1.19 and a beta of 0.80.

SouthGobi Resources Company Profile

(Get Free Report)

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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