SouthGobi Resources Ltd. (OTCMKTS:SGQRF – Get Free Report) shares rose 6% during mid-day trading on Friday . The stock traded as high as $0.30 and last traded at $0.30. Approximately 300 shares were traded during trading, a decline of 91% from the average daily volume of 3,460 shares. The stock had previously closed at $0.28.
SouthGobi Resources Stock Up 6.0 %
The company has a 50 day moving average of $0.30 and a 200 day moving average of $0.32. The stock has a market capitalization of $88.88 million, a price-to-earnings ratio of 2.14 and a beta of 57.63.
About SouthGobi Resources
SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia and Hong Kong. The company primarily explores for coking and thermal coal. Its flagship project is the Ovoot Tolgoi open pit coal mine located in the Umnugobi Aimag of Mongolia.
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