SouthGobi Resources Ltd. (OTCMKTS:SGQRF) Short Interest Up 546.8% in February

SouthGobi Resources Ltd. (OTCMKTS:SGQRF) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 51,100 shares, a growth of 546.8% from the February 13th total of 7,900 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days. Currently, 0.0% of the company’s stock are short sold.

SouthGobi Resources Price Performance

SGQRF stock remained flat at $0.30 during mid-day trading on Thursday. The firm has a market capitalization of $88.88 million, a P/E ratio of 2.14 and a beta of 57.63. SouthGobi Resources has a one year low of $0.00 and a one year high of $0.48. The business’s fifty day moving average is $0.30 and its 200 day moving average is $0.30.

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.