Iluka Resources (OTCMKTS:ILKAF) Shares Up 10.1% – Still a Buy?

Iluka Resources Limited (OTCMKTS:ILKAFGet Free Report)’s share price traded up 10.1% on Tuesday . The stock traded as high as $4.68 and last traded at $4.58. 50,291 shares were traded during mid-day trading, an increase of 7% from the average session volume of 46,783 shares. The stock had previously closed at $4.16.

Iluka Resources Stock Performance

The stock has a 50 day moving average price of $4.09 and a 200-day moving average price of $4.06.

About Iluka Resources

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Iluka Resources is a leading global mineral sands company headquartered in Perth, Western Australia. The company specialises in the exploration, mining, processing and marketing of heavy mineral products, primarily ilmenite, rutile and zircon. These commodities are critical feedstocks for the manufacture of titanium dioxide pigments, ceramic tiles, welding rod coatings and various other industrial applications. Iluka also produces synthetic rutile and is involved in the recovery of rare earth elements as part of its resource development strategy.

Iluka’s operations are predominantly located in Australia, with large-scale mineral sands projects in South and Western Australia, including the Jacinth-Ambrosia and Eneabba deposits.

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