Steppe Gold Ltd. (OTCMKTS:STPGF – Get Rating) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 31,400 shares, an increase of 27.1% from the October 31st total of 24,700 shares. Based on an average daily volume of 21,100 shares, the short-interest ratio is currently 1.5 days.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their price target on Steppe Gold from C$2.90 to C$2.80 in a research note on Wednesday, October 19th.

Steppe Gold Stock Performance

Shares of Steppe Gold stock traded down $0.05 during trading hours on Wednesday, hitting $0.79. The company's stock had a trading volume of 11,976 shares, compared to its average volume of 7,471. Steppe Gold has a twelve month low of $0.70 and a twelve month high of $1.43. The firm has a fifty day moving average of $0.77 and a 200-day moving average of $0.83.

Steppe Gold Company Profile

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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