Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) was up 5.3% during mid-day trading on Thursday. The stock traded as high as $4.97 and last traded at $4.97. Approximately 16,128 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 30,794 shares. The stock had previously closed at $4.72.
Kumba Iron Ore Stock Performance
The firm has a 50-day moving average price of $5.16 and a two-hundred day moving average price of $5.93.
Kumba Iron Ore Company Profile
Kumba Iron Ore Limited is a South African iron ore producer and a subsidiary of Anglo American plc. The company explores for, mines, processes and markets iron ore, which is primarily used as a raw material in steelmaking. Its products include high-grade iron ore lump and fine ore.
Kumba operates the Sishen and Kolomela mines in South Africa’s Northern Cape province. The company processes ore at its mining operations and transports its products by rail to the Port of Saldanha Bay for export to international steelmakers.
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