Steppe Cement (LON:STCM) Stock Jumps 11.4% – Here’s Why

Shares of Steppe Cement Ltd. (LON:STCM – Get Free Report) shot up 11.4% during trading on Wednesday. The company traded as high as GBX 46 and last traded at GBX 44. 588,752 shares were traded during mid-day trading, an increase of 364% from the average session volume of 126,803 shares. The stock had previously closed at GBX 39.50.

Steppe Cement Stock Performance

The firm has a fifty day moving average price of GBX 30.44 and a 200 day moving average price of GBX 22.89. The company has a current ratio of 2.51, a quick ratio of 1.63 and a debt-to-equity ratio of 3.02. The firm has a market cap of £97.89 million, a PE ratio of 7.69 and a beta of 0.71.

Steppe Cement Company Profile

(Get Free Report)

Steppe Cement Ltd., an investment holding company, engages in the production and sale of cement and clinkers in Kazakhstan. It also provides consultancy services; and transmission and distribution of electricity. The company was incorporated in 2004 and is based in Kuala Lumpur, Malaysia.

Further Reading

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