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SouthGobi Resources Ltd
$4.80
Mar 28, 4:08:03 PM GMT+8 · HKD · HKG · Disclaimer
StockHK listed securityCA headquartered
Previous close
$4.70
Day range
$4.63 - $4.82
Year range
$0.58 - $6.29
Market cap
1.27B HKD
Avg Volume
3.74M
P/E ratio
-
Dividend yield
-
Primary exchange
CVE
In the news
Financials
Income Statement
Revenue
Net income
(USD)Sep 2023Y/Y change
Revenue
97.98M166.20%
Operating expense
4.49M19.51%
Net income
29.35M466.08%
Net profit margin
29.95237.51%
Earnings per share
EBITDA
46.64M1,548.13%
Effective tax rate
24.36%
Total assets
Total liabilities
(USD)Sep 2023Y/Y change
Cash and short-term investments
36.42M370.26%
Total assets
244.50M37.20%
Total liabilities
412.29M30.77%
Total equity
-167.79M
Shares outstanding
295.30M
Price to book
-8.25
Return on assets
48.48%
Return on capital
209.75%
Net change in cash
(USD)Sep 2023Y/Y change
Net income
29.35M466.08%
Cash from operations
46.29M299.89%
Cash from investing
-11.10M-117.48%
Cash from financing
-13.15M-9,643.70%
Net change in cash
20.57M290.25%
Free cash flow
18.18M630.20%
About
SouthGobi Resources is a coal mining company listed on the Hong Kong Stock Exchange and Toronto Stock Exchange. The company's primary asset is a coal mine and development projects of coal assets in Mongolia. A proposed acquisition of the company by a Chinese state owned mining firm in 2012 was thwarted by resource nationalism in Mongolia. The blocked deal led to a chain of events that negatively affected the Mongolian economy for the rest of the decade. Quickly in response to the announced deal, Mongolia passed an investment review law in Mongolia that while only briefly in force stunted for years foreign investor confidence in the country, which had been a darling in emerging markets investment circles before 2012. After the blocked deal, SouthGobi would itself face an equally dramatic fall from grace as the Mongolian economy. By 2015, the company lost 98% of its once sky high $3 billion Canadian dollar market capitalization that had peaked in 2012. Wikipedia
Founded
2002
Employees
448
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