Mineral Resources (ASX:MIN) Share Price Passes Below 50 Day Moving Average of $15.28

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Mineral Resources Limited (ASX:MIN) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.28 and traded as low as $13.35. Mineral Resources shares last traded at $13.52, with a volume of 1,607,892 shares.

The company has a debt-to-equity ratio of 63.75, a current ratio of 1.41 and a quick ratio of 0.85. The company has a market cap of $2.54 billion and a price-to-earnings ratio of 20.74. The business’s 50-day simple moving average is A$15.25 and its 200-day simple moving average is A$15.63.

In other Mineral Resources news, insider Timothy Roberts 4,267 shares of the firm’s stock in a transaction dated Wednesday, June 5th. Also, insider James McClements 4,569 shares of the firm’s stock in a transaction dated Thursday, August 1st.

About Mineral Resources (ASX:MIN)

Mineral Resources Limited operates as a mining services and processing company in Australia, China, Singapore, and internationally. It operates through three segments: Mining Services and Processing, Mining, and Central. The company offers contract crushing, screening, and processing services on build-own-operate or build-operate basis for mining companies; mine services, including materials handling, plant and equipment hire, plant and equipment maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services in the resources sector.

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