SouthGobi Resources Ltd. (TSE:SGQ – Get Free Report) was up 5.6% on Monday . The stock traded as high as C$0.19 and last traded at C$0.19. Approximately 25,500 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 24,220 shares. The stock had previously closed at C$0.18.
SouthGobi Resources Trading Up 5.6 %
The company has a market cap of C$56.09 million, a P/E ratio of -1.19 and a beta of 0.80. The firm’s fifty day moving average price is C$0.19.
SouthGobi Resources Company Profile
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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