Steppe Gold Ltd. (TSE:STGO – Get Rating) insider 2176423 Ontario Ltd. acquired 34,900 shares of the company's stock in a transaction on Monday, August 29th. The stock was bought at an average cost of C$1.10 per share, with a total value of C$38,362.08. Following the completion of the acquisition, the insider now directly owns 7,476,944 shares in the company, valued at C$8,218,656.84.
2176423 Ontario Ltd. also recently made the following trade(s):
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Steppe Gold alerts:
- On Friday, August 26th, 2176423 Ontario Ltd. acquired 155,600 shares of Steppe Gold stock. The stock was bought at an average cost of C$1.10 per share, with a total value of C$171,019.96.
- On Friday, August 19th, 2176423 Ontario Ltd. purchased 129,700 shares of Steppe Gold stock. The shares were acquired at an average cost of C$1.10 per share, with a total value of C$142,592.18.
- On Tuesday, August 16th, 2176423 Ontario Ltd. purchased 179,800 shares of Steppe Gold stock. The shares were acquired at an average cost of C$1.10 per share, with a total value of C$197,330.50.
Steppe Gold Price Performance
STGO stock traded down C$0.02 during midday trading on Tuesday, reaching C$1.08. 29,950 shares of the stock were exchanged, compared to its average volume of 33,736. The stock has a market capitalization of C$75.11 million and a PE ratio of -1.94. Steppe Gold Ltd. has a 52 week low of C$0.95 and a 52 week high of C$1.82. The company has a debt-to-equity ratio of 2,271.72, a current ratio of 1.09 and a quick ratio of 0.08. The company has a fifty day moving average price of C$1.09 and a 200 day moving average price of C$1.29.
Wall Street Analyst Weigh In
A number of research firms have recently commented on STGO. Fundamental Research reissued a "buy" rating and set a C$3.37 price target on shares of Steppe Gold in a report on Tuesday, May 3rd. Couloir Capital boosted their price target on Steppe Gold to C$2.22 and gave the stock a "buy" rating in a report on Monday, July 25th.
Steppe Gold Company Profile
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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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