SouthGobi Resources Ltd. (OTCMKTS:SGQRF) Sees Significant Decrease in Short Interest

SouthGobi Resources Ltd. (OTCMKTS:SGQRF) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 100 shares, a decrease of 98.9% from the July 15th total of 8,800 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

SouthGobi Resources Price Performance

Shares of SouthGobi Resources stock remained flat at $0.34 on Wednesday. The firm has a market capitalization of $102.12 million, a PE ratio of 34.47 and a beta of 60.23. SouthGobi Resources has a 12-month low of $0.00 and a 12-month high of $0.48. The firm’s 50 day moving average is $0.40 and its two-hundred day moving average is $0.42.

SouthGobi Resources (OTCMKTS:SGQRF) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $0.04 EPS for the quarter. SouthGobi Resources had a net margin of 1.51% and a negative return on equity of 3.36%. The business had revenue of $82.17 million during the quarter.

SouthGobi Resources Company Profile

SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia and Hong Kong. The company primarily explores for coking and thermal coal. Its flagship project is the Ovoot Tolgoi open pit coal mine located in the Umnugobi Aimag of Mongolia.