SouthGobi Resources (OTCMKTS:SGQRF) Posts Quarterly Earnings Results

SouthGobi Resources (OTCMKTS:SGQRF) announced its earnings results on Friday. The company reported $0.10 earnings per share for the quarter, Zacks reports. SouthGobi Resources had a negative return on equity of 34.47% and a net margin of 10.94%.

SouthGobi Resources Price Performance

SGQRF stock remained flat at $0.30 during trading on Friday. SouthGobi Resources has a 52-week low of $0.00 and a 52-week high of $0.48. The stock has a market capitalization of $88.88 million, a price-to-earnings ratio of 2.14 and a beta of 57.63. The firm has a 50 day simple moving average of $0.30 and a 200-day simple moving average of $0.30.

About SouthGobi Resources

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.