Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $4.84 and traded as low as $4.44. Kumba Iron Ore shares last traded at $4.50, with a volume of 21,422 shares.
Kumba Iron Ore Stock Performance
The business’s 50 day moving average is $4.84 and its two-hundred day moving average is $5.67.
Kumba Iron Ore Company Profile
Kumba Iron Ore Limited is a South African iron ore producer and a subsidiary of Anglo American plc. The company explores for, mines, processes and markets iron ore, producing high-grade products used primarily in steelmaking.
Kumba operates the Sishen and Kolomela mines in South Africa’s Northern Cape province. Its ore is transported by rail to the Port of Saldanha Bay on the country’s west coast for export to international customers, particularly steel producers in major global markets.
The company was established in 2006 following the unbundling of Kumba Resources and has been listed on the Johannesburg Stock Exchange since then.
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