South32 (OTCMKTS:SOUHY) Shares Down 4.9% – Here’s Why

Shares of South32 Ltd. (OTCMKTS:SOUHY) traded down 4.9% during trading on Thursday. The stock traded as low as $16.87 and last traded at $16.87. 902 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 77,455 shares. The stock had previously closed at $17.74.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of South32 from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

South32 Trading Down 2.8%

The stock has a fifty day moving average of $17.48 and a two-hundred day moving average of $16.01. The company has a current ratio of 2.44, a quick ratio of 1.92 and a debt-to-equity ratio of 0.14.

South32 Company Profile

South32 Limited is a diversified mining and metals company headquartered in Perth, Australia. It was established in 2015 through the demerger of selected assets from BHP and is listed in Australia, South Africa and the United Kingdom, with American depositary shares traded over the counter under the symbol SOUHY.

The company produces alumina, aluminium, manganese, silver, lead and zinc, and has interests in copper projects. Its portfolio includes alumina and aluminium operations in Australia, Brazil and Mozambique; manganese operations in Australia and South Africa; the Cannington silver-lead-zinc mine in Queensland; and the Sierra Gorda copper mine in Chile.