Steppe Gold Ltd. (TSE:STGO – Get Rating) insider 2176423 Ontario Ltd. acquired 179,800 shares of Steppe Gold stock in a transaction dated Tuesday, August 16th. The shares were bought at an average cost of C$1.10 per share, with a total value of C$197,330.50. Following the completion of the purchase, the insider now owns 7,156,744 shares in the company, valued at C$7,854,526.54.
2176423 Ontario Ltd. also recently made the following trade(s):
Get Steppe Gold alerts:- On Friday, August 19th, 2176423 Ontario Ltd. acquired 129,700 shares of Steppe Gold stock. The shares were bought at an average cost of C$1.10 per share, with a total value of C$142,592.18.
Steppe Gold Price Performance
STGO opened at C$1.12 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.87 and a debt-to-equity ratio of 6,144,550.00. Steppe Gold Ltd. has a 12-month low of C$0.95 and a 12-month high of C$1.82. The stock has a fifty day moving average of C$1.10 and a 200-day moving average of C$1.29. The firm has a market capitalization of C$77.89 million and a P/E ratio of -2.01.
Analysts Set New Price Targets
STGO has been the subject of a number of research analyst reports. Fundamental Research restated a "buy" rating and issued a C$3.37 target price on shares of Steppe Gold in a report on Tuesday, May 3rd. Couloir Capital increased their target price on Steppe Gold to C$2.22 and gave the company a "buy" rating in a report on Monday, July 25th.Steppe Gold Company Profile
(Get Rating)
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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