SouthGobi Resources Ltd. (TSE:SGQ – Get Free Report)’s stock price rose 5.6% during mid-day trading on Monday . The stock traded as high as C$0.19 and last traded at C$0.19. Approximately 25,500 shares changed 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 Stock Up 5.6 %
The firm has a market cap of C$56.09 million, a price-to-earnings ratio of -1.19 and a beta of 0.80. The business has a 50-day moving average price of C$0.19.
SouthGobi Resources Company Profile
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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