Iluka Resources (OTCMKTS:ILKAF) Shares Break Above 50-Day Moving Average – Time to Sell?

Shares of Iluka Resources Limited (OTCMKTS:ILKAF) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $4.11 and traded as high as $4.13. Iluka Resources shares last traded at $4.13, with a volume of 2,350 shares.

Iluka Resources Trading Up 2.7%

The stock has a fifty day simple moving average of $4.11 and a 200 day simple moving average of $4.65.

About Iluka Resources

Iluka Resources Limited is an Australian mineral sands company headquartered in Perth, Western Australia. The company explores, develops and operates mineral sands mines and processing facilities, with activities focused primarily on zircon and titanium dioxide feedstocks. Iluka’s products include zircon, synthetic rutile, rutile and ilmenite. These materials are used in applications such as ceramics, paints and coatings, plastics, paper, welding and other industrial products. The company also manages mineral sands resources and residues at its Eneabba operation in Western Australia, which supports its plans to develop a rare earths business.