Steppe Gold Ltd. (TSE:STGO – Get Rating) insider 2176423 Ontario Ltd. purchased 129,700 shares of the business's stock in a transaction on Friday, August 19th. The stock was purchased at an average cost of C$1.10 per share, with a total value of C$142,592.18. Following the acquisition, the insider now owns 7,286,444 shares in the company, valued at C$8,010,716.53.
2176423 Ontario Ltd. also recently made the following trade(s):
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- On Tuesday, August 16th, 2176423 Ontario Ltd. acquired 179,800 shares of Steppe Gold stock. The shares were purchased at an average price of C$1.10 per share, with a total value of C$197,330.50.
Steppe Gold Stock Performance
Shares of Steppe Gold stock traded up C$0.03 during trading hours on Monday, hitting C$1.13. 42,757 shares of the company were exchanged, compared to its average volume of 33,472. Steppe Gold Ltd. has a 1 year low of C$0.95 and a 1 year high of C$1.82. The stock has a market capitalization of C$78.59 million and a price-to-earnings ratio of -2.03. The business has a 50-day moving average of C$1.10 and a 200-day moving average of C$1.29. The company has a current ratio of 0.87, a quick ratio of 0.33 and a debt-to-equity ratio of 6,144,550.00.
Analyst Ratings Changes
Several research firms have commented on STGO. Fundamental Research reiterated a "buy" rating and issued a C$3.37 price objective on shares of Steppe Gold in a research note on Tuesday, May 3rd. Couloir Capital upped their target price on shares of Steppe Gold to C$2.22 and gave the stock a "buy" rating in a research report on Monday, July 25th.
About Steppe Gold
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Steppe Gold Ltd. acquires, explores for, develops, and operates precious metals in Mongolia. Its principal projects are the Altan Tsagaan Ovoo gold and silver project comprising one mining license covering an area of approximately 5,492.63 hectares located in the territory of Tsagaan Ovoo soum, Dornod province of Eastern Mongolia; and the Uudam Khundii property that covers an area of 14,397 hectares located in Ulaanbaatar, Bayankhongor Province.
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