Steppe Cement (LON:STCM) Trading Down 6.3% – Here’s What Happened

Shares of Steppe Cement Ltd. (LON:STCM) fell 6.3% during trading on Wednesday . The company traded as low as GBX 15 ($0.19) and last traded at GBX 15 ($0.19). 187,692 shares were traded during mid-day trading, an increase of 76% from the average session volume of 106,714 shares. The stock had previously closed at GBX 16 ($0.20).

Steppe Cement Stock Up 3.2 %

The firm has a market capitalization of £35.04 million, a price-to-earnings ratio of 665.00 and a beta of 0.84. The business has a 50 day moving average of GBX 14.64 and a 200 day moving average of GBX 15.47. The company has a debt-to-equity ratio of 13.75, a current ratio of 2.15 and a quick ratio of 1.63.

Steppe Cement Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a yield of 10%.

Steppe Cement Company Profile

Steppe Cement Ltd., an investment holding company, engages in the production and sale of cement and clinkers in Kazakhstan. It also provides consultancy services; and transmission and distribution of electricity. The company was incorporated in 2004 and is based in Kuala Lumpur, Malaysia.