Shares of Mineral Resources Limited (OTCMKTS:MALRF – Get Free Report) were up 22.1% during trading on Friday . The company traded as high as $52.50 and last traded at $52.50. Approximately 2,100 shares changed hands during mid-day trading, an increase of 311% from the average daily volume of 511 shares. The stock had previously closed at $43.00.
Mineral Resources Stock Up 22.1%
The stock’s 50 day moving average price is $40.41 and its 200 day moving average price is $36.87.
About Mineral Resources
Mineral Resources (OTCMKTS: MALRF) is an Australia-based diversified resources company primarily engaged in iron ore mining, lithium production and mining services. Headquartered in Perth, Western Australia, the company operates integrated mining hubs in the Pilbara region and maintains a suite of downstream infrastructure including crushing, screening, rail haulage and port facilities. Through these operations, Mineral Resources delivers iron ore products to domestic and international steelmakers, serving markets across Asia, Europe and North America.
Founded in the mid-1990s, Mineral Resources has grown from a single iron ore project into a multi-commodity enterprise.
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