Steppe Gold (TSE:STGO) Hits New 52-Week High – Time to Buy?

Shares of Steppe Gold Ltd. (TSE:STGOGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.85 and last traded at C$0.83, with a volume of 105007 shares. The stock had previously closed at C$0.83.

Steppe Gold Price Performance

The firm has a 50-day simple moving average of C$0.70 and a 200-day simple moving average of C$0.66. The firm has a market capitalization of C$207.32 million, a PE ratio of -6.38 and a beta of 1.24. The company has a debt-to-equity ratio of 224.67, a current ratio of 1.57 and a quick ratio of 0.10.

About Steppe Gold

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Steppe Gold Ltd. acquires, explores for, develops, and operates precious metals in Mongolia and Peru. Its principal assets are the Altan Tsagaan Ovoo gold and silver project comprising one mining license covering an area of approximately 5,492.63 hectares located in the territory of Tsagaan Ovoo soum, Dornod province of Eastern Mongolia; the Uudam Khundii gold project comprising one exploration license covering an area of approximately 14,400 hectares located in Uudam Khundii, Bayankhongor Province; and the Tres Cruces Project located within the Department of La Libertad in north-central Peru.

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