Anglo American Platinum (OTCMKTS:ANGPY) Trading 3.4% Higher – Here’s What Happened

Shares of Anglo American Platinum Limited (OTCMKTS:ANGPY) traded up 3.4% during mid-day trading on Wednesday . The stock traded as high as $16.33 and last traded at $16.2850. 287,070 shares changed hands during trading, a decline of 27% from the average session volume of 394,641 shares. The stock had previously closed at $15.75.

Anglo American Platinum Stock Up 3.4%

The business’s 50 day moving average is $12.67 and its 200 day moving average is $10.42.

Anglo American Platinum Company Profile

Anglo American Platinum PLC, trading in the United States as ADRs under the symbol ANGPY, is the world’s largest primary producer of platinum group metals (PGMs). The company’s core activities encompass the mining, processing and marketing of PGMs, which include platinum, palladium, rhodium, ruthenium and iridium. In addition to these key metals, Anglo American Platinum also produces by-product nickel, copper, cobalt and chrome, leveraging its extensive mineral reserves.

The company’s mining operations are concentrated in South Africa’s Bushveld Complex, one of the richest PGM-bearing geological formations in the world.