KAZ Minerals (OTCMKTS:KZMYY) Trading Up 1.1% – Here’s Why

KAZ Minerals PLC (OTCMKTS:KZMYYGet Free Report)’s stock price was up 1.1% during trading on Monday . The company traded as high as $5.7650 and last traded at $5.7650. Approximately 300 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 19,825 shares. The stock had previously closed at $5.70.

KAZ Minerals Stock Performance

The company has a current ratio of 2.62, a quick ratio of 1.91 and a debt-to-equity ratio of 1.39. The company has a 50 day simple moving average of $5.76 and a 200-day simple moving average of $5.76.

KAZ Minerals Company Profile

(Get Free Report)

KAZ Minerals (OTCMKTS:KZMYY) is a London-listed, copper-focused mining company with large-scale open-pit operations located primarily in Kazakhstan and the Kyrgyz Republic. The company’s core business centers on the extraction and processing of copper ores, with gold and silver produced as valuable by-products. Its flagship assets include the Bozshakol and Aktogay mines in northeastern Kazakhstan, which utilize modern heap leach, solvent extraction and electrowinning (SX/EW), and flotation technologies to deliver refined copper cathode and concentrate.

The company was established in its current form following a corporate restructuring and rebranding from Kazakhmys PLC in 2014, when management opted to concentrate on Tier-1 assets with long mine lives and low extraction costs.

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