Last C$0.60 CAD
Change Today +0.01 / 1.69%
Volume 1.2K
As of 4:10 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

southgobi resources ltd (SGQ) Snapshot

Open
C$0.60
Previous Close
C$0.59
Day High
C$0.60
Day Low
C$0.60
52 Week High
03/13/14 - C$0.95
52 Week Low
02/3/15 - C$0.41
Market Cap
131.3M
Average Volume 10 Days
4.4K
EPS TTM
C$-0.73
Shares Outstanding
218.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SOUTHGOBI RESOURCES LTD (SGQ)

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southgobi resources ltd (SGQ) Details

SouthGobi Resources Ltd., together with its subsidiaries, mines, explores for, and develops metallurgical and thermal coal deposits in South Gobi region of Mongolia. The company owns interests in 3 mining licenses and 4 exploration licenses that cover an area of approximately 234,000 hectares located in Mongolia. Its flagship project includes the Ovoot Tolgoi mine, which covers a total area of 9,312.27 hectares located in the southwest corner of the Umnugobi Aimag, Mongolia. The company was formerly known as SouthGobi Energy Resources Ltd. and changed its name to SouthGobi Resources Ltd. in May 2010. The company is headquartered in Vancouver, Canada. SouthGobi Resources Ltd. operates as a subsidiary of Turquoise Hill Resources Ltd.

392 Employees
Last Reported Date: 11/10/14

southgobi resources ltd (SGQ) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $91.9K
Chief Financial Officer
Total Annual Compensation: $129.7K
Compensation as of Fiscal Year 2013.

southgobi resources ltd (SGQ) Key Developments

TSX Announces Delisting Review Of SouthGobi Resources

TSX is reviewing the Common Shares of the SouthGobi Resources Ltd. with respect to meeting the continued listing requirements. The Company has been granted 90 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process.

SouthGobi Resources to Appoint Ted Chan to its Board

SouthGobi Resources Ltd. announced it has entered into a private placement agreement with Novel Sunrise Investments Limited as a proposed new significant investor and strategic partner for proceeds of up to approximately $7.5 million, with an initial tranche of approximately $3.5 million. Under the private placement agreement, the company has also agreed to grant Novel Sunrise the following additional rights: Mr. Ted Chan to join the Company's Board of Directors contemporaneous with the closing of the initial tranche of the private placement as an Executive Director, subject to TSX approval; Two more nominees of Novel Sunrise to join the Board of Directors, plus additions to the Company's management team, upon closing of the Novel SPA; Novel Sunrise to have pro rata participation rights in future financings; and Novel Sunrise to have registration rights under Canadian provincial securities laws in connection with its shareholdings. Mr. Chan has over 20 years of enterprise management experience. He has played a key role in the management of the Novel Group, especially through establishing and managing client relationships. Mr. Chan holds a bachelor degree from Communication University of China.

Novel Sunrise May Acquire Or Sell Securities Of SouthGobi

Novel Sunrise Investments Limited may acquire additional securities of SouthGobi Resources Limited (TSX:SGQ), or sell some or all of the securities of SouthGobi it will hold, in the open market, by private agreement or otherwise.

 

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Price/Sales 1.7x
Price/Book 0.3x
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