Steppe Gold Ltd. (OTCMKTS:STPGF) Sees Significant Increase in Short Interest

Steppe Gold Ltd. (OTCMKTS:STPGF) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 13,500 shares, an increase of 264.9% from the February 29th total of 3,700 shares. Based on an average daily volume of 28,900 shares, the days-to-cover ratio is presently 0.5 days.

Steppe Gold Stock Down 2.4 %

Shares of OTCMKTS STPGF traded down $0.01 during midday trading on Thursday, hitting $0.55. The stock had a trading volume of 7,435 shares, compared to its average volume of 12,134. The company’s 50-day simple moving average is $0.52 and its 200 day simple moving average is $0.52. Steppe Gold has a fifty-two week low of $0.44 and a fifty-two week high of $0.88.

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.