SouthGobi Resources (OTCMKTS:SGQRF – Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, Zacks reports.
SouthGobi Resources Stock Performance
Shares of SGQRF remained flat at $0.28 during mid-day trading on Thursday. The company has a market capitalization of $83.04 million, a PE ratio of -0.49 and a beta of -0.08. SouthGobi Resources has a one year low of $0.28 and a one year high of $0.41. The business’s fifty day moving average is $0.28 and its 200-day moving average is $0.28.
About SouthGobi Resources
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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