SouthGobi Resources (OTCMKTS:SGQRF) Stock Passes Below 50 Day Moving Average of $0.07

SouthGobi Resources Ltd (OTCMKTS:SGQRF) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.07 and traded as low as $0.00. SouthGobi Resources shares last traded at $0.05, with a volume of 9,000 shares traded.

The firm has a market cap of $13.31 million, a price-to-earnings ratio of 2.44 and a beta of 2.63. The business’s 50 day moving average price is $0.07 and its 200 day moving average price is $0.06.

SouthGobi Resources (OTCMKTS:SGQRF) last issued its quarterly earnings data on Monday, March 30th. The company reported ($0.01) EPS for the quarter. SouthGobi Resources had a negative return on equity of 9.38% and a net margin of 3.24%. The firm had revenue of $32.11 million for the quarter.

SouthGobi Resources Company Profile (OTCMKTS:SGQRF)

SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia, Hong Kong, and China. It explores for coking, thermal coal, and other metallurgical deposits in South Gobi Province of Mongolia to supply a range of coal products in China.

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