SouthGobi Resources (OTCMKTS:SGQRF) Announces Quarterly Earnings Results

SouthGobi Resources (OTCMKTS:SGQRF) issued its quarterly earnings results on Friday. The company reported $0.10 earnings per share for the quarter, Zacks reports. The company had revenue of $174.64 million for the quarter. SouthGobi Resources had a negative return on equity of 34.47% and a net margin of 10.94%.

SouthGobi Resources Stock Performance

OTCMKTS SGQRF opened at $0.30 on Friday. The business’s 50-day moving average price is $0.30 and its 200 day moving average price is $0.30. SouthGobi Resources has a twelve month low of $0.00 and a twelve month high of $0.48. The company has a market capitalization of $88.88 million, a PE ratio of 2.14 and a beta of 57.63.

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.