SouthGobi Resources Ltd. (TSE:SGQ – Get Free Report)’s stock price shot up 5.6% during mid-day trading on Monday . The stock traded as high as C$0.19 and last traded at C$0.19. 25,500 shares changed hands during trading, an increase of 5% from the average session volume of 24,220 shares. The stock had previously closed at C$0.18.
SouthGobi Resources Stock Performance
The business’s 50 day simple moving average is C$0.19. The firm has a market capitalization of C$56.09 million, a P/E ratio of -1.19 and a beta of 0.80.
About SouthGobi Resources
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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