Steppe Gold (OTCMKTS:STPGF) Trading Down 3% – Should You Sell?

Steppe Gold Ltd. (OTCMKTS:STPGF) shares fell 3% during trading on Friday . The company traded as low as $0.82 and last traded at $0.8393. 25,058 shares traded hands during trading, a decline of 59% from the average session volume of 60,553 shares. The stock had previously closed at $0.8650.

Steppe Gold Price Performance

The firm’s fifty day moving average price is $1.36 and its two-hundred day moving average price is $1.37.

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.