SouthGobi Resources (OTCMKTS:SGQRF – Get Free Report) released its earnings results on Friday. The company reported ($0.38) earnings per share for the quarter, Zacks reports. The business had revenue of $171.86 million during the quarter.
SouthGobi Resources Price Performance
OTCMKTS:SGQRF opened at $0.28 on Friday. The business’s 50-day moving average price is $0.28 and its 200 day moving average price is $0.30. SouthGobi Resources has a 52-week low of $0.28 and a 52-week high of $0.41. The firm has a market cap of $83.05 million, a P/E ratio of 6.99 and a beta of -0.21.
SouthGobi Resources Company Profile
SouthGobi Resources Ltd. is a Vancouver-based exploration and development company focused on coal assets in the South Gobi region of Mongolia. The company’s operations center on the Ovoot Tolgoi deposit, where it holds a majority interest and employs open-pit mining methods to extract semi-soft coking coal and thermal coal. Situated near critical rail and port infrastructure, SouthGobi serves steelmakers and power generators in nearby Asian markets.
SouthGobi’s principal products include high-quality coking coal, which is used in steel production, as well as thermal coal for power generation and industrial applications.
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