Exxaro Resources Limited (OTCMKTS:EXXAF – Get Free Report) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,857 shares, a decline of 55.7% from the April 30th total of 8,707 shares. Based on an average trading volume of 869 shares, the short-interest ratio is currently 4.4 days.
Exxaro Resources Stock Performance
Shares of OTCMKTS:EXXAF opened at $13.10 on Friday. Exxaro Resources has a 12-month low of $7.77 and a 12-month high of $13.39. The business has a 50 day moving average of $13.00 and a 200-day moving average of $11.87.
Exxaro Resources Company Profile
Exxaro Resources is a South African diversified resources group primarily engaged in the mining, processing and marketing of coal. The company’s portfolio includes thermal, metallurgical and anthracite grades, which are supplied to domestic power utilities, industrial customers and export markets. Exxaro also maintains activity in renewable energy through strategic partnerships, underlining a broader commitment to sustainable energy solutions alongside its core mining operations.
Founded in 2006 through the merger of Kumba Resources’ coal division and Eyesizwe Coal, Exxaro has grown to become one of South Africa’s largest coal producers.
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