Steppe Gold (OTCMKTS:STPGF) Shares Down 2% – Here’s What Happened

Steppe Gold Ltd. (OTCMKTS:STPGF) was down 2% during trading on Friday . The stock traded as low as $0.9545 and last traded at $0.9615. Approximately 9,999 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 57,417 shares. The stock had previously closed at $0.9810.

Steppe Gold Price Performance

The firm has a fifty day moving average of $1.07 and a 200 day moving average of $1.31.

About Steppe Gold

Steppe Gold (OTCMKTS: STPGF) is a gold-focused mining and exploration company with principal operations in Mongolia. The company concentrates on the development, construction and operation of gold deposits, aiming to supply gold doré to regional refineries. Steppe Gold’s shares trade on the OTC Markets under the symbol STPGF.

The company’s flagship asset is the Altan Tsagaan Ovoo (ATO) mine, located in Mongolia’s Sukhbaatar province. ATO employs heap leaching and carbon-in-leach processing to produce doré bars, with commercial production achieved in late 2021.