Exxaro Resources Limited (OTCMKTS:EXXAY – Get Free Report)’s share price shot up 6% on Monday. The stock traded as high as $8.10 and last traded at $8.10. 1,200 shares changed hands during trading, an increase of 18% from the average daily volume of 1,020 shares. The stock had previously closed at $7.64.
Exxaro Resources Trading Up 6.0%
The company has a quick ratio of 1.06, a current ratio of 1.27 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average price of $8.10 and a two-hundred day moving average price of $8.10.
About Exxaro Resources
Exxaro Resources is a South African mining and energy company whose main business is the mining and supply of coal. Its operations produce coal used in electricity generation and other industrial applications, serving customers in South Africa and export markets.
The company’s coal operations are concentrated in South Africa, including major mines in Limpopo and Mpumalanga. Exxaro also participates in renewable energy through Cennergi, which develops and operates wind energy projects as the company expands its activities beyond coal.
Established in 2006, Exxaro was formed through the restructuring of South Africa’s mining sector, combining assets associated with Kumba Resources and Eyesizwe Mining.
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