Mineral Resources Limited (OTCMKTS:MALRY – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,870 shares, an increase of 121.6% from the September 30th total of 1,295 shares. Based on an average daily trading volume, of 4,061 shares, the short-interest ratio is presently 0.7 days.
Mineral Resources Trading Down 1.4%
Shares of MALRY opened at $31.52 on Friday. The stock has a 50 day moving average of $38.25 and a 200-day moving average of $41.64. Mineral Resources has a 52 week low of $27.23 and a 52 week high of $53.21.
About Mineral Resources
Mineral Resources Limited is an Australian mining and mining services company with operations primarily in Western Australia. The company provides integrated services across the mining life cycle, including mine development, contract crushing, materials handling, processing, haulage, infrastructure construction and accommodation services for resource projects.
Mineral Resources also owns and operates resource assets, with a focus on iron ore and lithium. Its activities include iron ore mining and exports from Western Australian operations, as well as lithium mining and processing through projects such as Wodgina and Mt Marion.
Further Reading
- Five stocks we like better than Mineral Resources
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Mineral Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mineral Resources and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}