Steppe Gold Ltd. (OTCMKTS:STPGF – Get Free Report) shares were down 7.4% on Thursday . The company traded as low as $1.33 and last traded at $1.3420. Approximately 47,051 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 60,377 shares. The stock had previously closed at $1.45.
Steppe Gold Price Performance
The business has a fifty day simple moving average of $1.43 and a 200 day simple moving average of $1.31.
About Steppe Gold
Steppe Gold (OTCMKTS: STPGF) is a gold-focused mining and exploration company with principal operations in Mongolia. The company concentrates on the development, construction and operation of gold deposits, aiming to supply gold doré to regional refineries. Steppe Gold’s shares trade on the OTC Markets under the symbol STPGF.
The company’s flagship asset is the Altan Tsagaan Ovoo (ATO) mine, located in Mongolia’s Sukhbaatar province. ATO employs heap leaching and carbon-in-leach processing to produce doré bars, with commercial production achieved in late 2021.
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