Shares of Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $4.84 and traded as low as $4.44. Kumba Iron Ore shares last traded at $4.50, with a volume of 21,422 shares trading hands.
Kumba Iron Ore Price Performance
The company has a 50-day moving average price of $4.83 and a 200-day moving average price of $5.67.
About Kumba Iron Ore
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, producing high-grade products used primarily in steelmaking.
Kumba operates the Sishen and Kolomela mines in South Africa’s Northern Cape province. Its ore is transported by rail to the Port of Saldanha Bay on the country’s west coast for export to international customers, particularly steel producers in major global markets.
The company was established in 2006 following the unbundling of Kumba Resources and has been listed on the Johannesburg Stock Exchange since then.
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