Mineral Resources Limited (OTCMKTS:MALRY – Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,587 shares, a drop of 49.1% from the April 30th total of 3,115 shares. Based on an average trading volume of 3,826 shares, the short-interest ratio is presently 0.4 days.
Mineral Resources Price Performance
OTCMKTS MALRY traded up $0.35 on Monday, reaching $52.92. 2,466 shares of the stock were exchanged, compared to its average volume of 2,944. Mineral Resources has a one year low of $11.96 and a one year high of $53.21. The company’s 50-day simple moving average is $44.03 and its two-hundred day simple moving average is $39.57.
About Mineral Resources
Mineral Resources (OTCMKTS:MALRY) is an Australian-based mining and materials company headquartered in Perth, Western Australia. Founded in 1992, the firm has grown from its origins as a small iron ore explorer into a diversified resources business. It is publicly traded on the Australian Securities Exchange (ASX) under the ticker MRL and is available to U.S. investors via its OTCMKTS listing.
The company’s core activities encompass the extraction and processing of iron ore, spodumene lithium concentrate, and related mineral products.
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