SouthGobi Resources (TSE:SGQ) Shares Pass Below 200 Day Moving Average of $0.17

SouthGobi Resources Ltd. (TSE:SGQGet Rating)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.17 and traded as low as C$0.16. SouthGobi Resources shares last traded at C$0.16, with a volume of 8,055 shares traded.

SouthGobi Resources Price Performance

The stock’s 50-day moving average is C$0.15 and its two-hundred day moving average is C$0.17. The stock has a market cap of C$41.15 million and a P/E ratio of -0.82.

About SouthGobi Resources

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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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