Iluka Resources Limited (OTCMKTS:ILKAF – Get Free Report) shares shot up 3.4% on Tuesday . The stock traded as high as $4.55 and last traded at $4.55. 255 shares changed hands during trading, a decline of 98% from the average session volume of 11,581 shares. The stock had previously closed at $4.4020.
Iluka Resources Trading Up 3.4%
The stock’s 50-day simple moving average is $5.34 and its 200 day simple moving average is $4.78.
Iluka Resources Company Profile
Iluka Resources is a leading global mineral sands company headquartered in Perth, Western Australia. The company specialises in the exploration, mining, processing and marketing of heavy mineral products, primarily ilmenite, rutile and zircon. These commodities are critical feedstocks for the manufacture of titanium dioxide pigments, ceramic tiles, welding rod coatings and various other industrial applications. Iluka also produces synthetic rutile and is involved in the recovery of rare earth elements as part of its resource development strategy.
Iluka’s operations are predominantly located in Australia, with large-scale mineral sands projects in South and Western Australia, including the Jacinth-Ambrosia and Eneabba deposits.
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