Short Interest in Steppe Gold Ltd. (OTCMKTS:STPGF) Expands By 1,196.9%

Steppe Gold Ltd. (OTCMKTS:STPGF) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 41,500 shares, a growth of 1,196.9% from the March 31st total of 3,200 shares. Based on an average daily volume of 53,000 shares, the short-interest ratio is currently 0.8 days.

Steppe Gold Stock Performance

OTCMKTS STPGF remained flat at $0.45 on Thursday. 48,404 shares of the company’s stock traded hands, compared to its average volume of 16,178. The firm’s 50 day simple moving average is $0.51 and its 200-day simple moving average is $0.52. Steppe Gold has a 1 year low of $0.44 and a 1 year high of $0.80.

Steppe Gold Company Profile

Steppe Gold Ltd. acquires, explores for, develops, and operates precious metals in Mongolia. Its principal projects 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; and the Uudam Khundii gold project comprising one exploration license covering an area of approximately 14,400 hectares located in Ulaanbaatar, Bayankhongor Province.