Steppe Gold Ltd. (OTCMKTS:STPGF – Get Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 269,044 shares, a decrease of 50.5% from the May 31st total of 543,247 shares. Based on an average daily trading volume, of 75,747 shares, the short-interest ratio is currently 3.6 days.
Steppe Gold Price Performance
Shares of OTCMKTS:STPGF opened at $0.92 on Wednesday. Steppe Gold has a 12 month low of $0.80 and a 12 month high of $1.80. The company’s 50-day moving average price is $0.96 and its two-hundred day moving average price is $1.17.
About Steppe Gold
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.
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