Kumba Iron Ore (OTCMKTS:KIROY) Sets New 12-Month High – What’s Next?

Kumba Iron Ore Ltd. (OTCMKTS:KIROYGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $7.12 and last traded at $7.12, with a volume of 6400 shares changing hands. The stock had previously closed at $7.04.

Kumba Iron Ore Stock Performance

The company has a 50-day moving average of $6.65 and a 200 day moving average of $6.17.

Kumba Iron Ore Company Profile

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Kumba Iron Ore, trading over the counter under the symbol KIROY, is one of South Africa’s leading iron ore producers. The company operates two primary open-pit mines—Sishen and Kolomela—located in the Northern Cape province. These operations focus on the extraction and processing of high-quality hematite ore, producing a range of lump and fine products that serve as essential feedstock for global steelmakers.

Established in 2001 following a demerger from parent companies, Kumba Iron Ore has grown its production capacity and operational efficiency through sustained investment in mining technology and infrastructure.

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