SouthGobi Resources (TSE:SGQ) Stock Price Passes Below 200-Day Moving Average of $0.20

SouthGobi Resources Ltd. (TSE:SGQGet Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.20 and traded as low as C$0.20. SouthGobi Resources shares last traded at C$0.20, with a volume of 700 shares trading hands.

The company has a market cap of C$54.85 million and a PE ratio of -1.09. The firm’s 50 day moving average is C$0.18 and its 200 day moving average is C$0.20.

SouthGobi Resources (TSE:SGQGet Rating) last announced its earnings results on Wednesday, March 30th. The company reported C($0.05) EPS for the quarter. The business had revenue of C$1.07 million for the quarter.

About SouthGobi Resources (TSE:SGQ)

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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