Kumba Iron Ore (OTCMKTS:KIROY) Shares Gap Up – Here’s Why

Kumba Iron Ore Ltd. (OTCMKTS:KIROYGet Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $6.70, but opened at $6.99. Kumba Iron Ore shares last traded at $6.80, with a volume of 3,934 shares traded.

Kumba Iron Ore Price Performance

The company’s 50 day simple moving average is $6.47 and its 200-day simple moving average is $6.04.

Kumba Iron Ore Company Profile

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Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.

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