Kumba Iron Ore (OTCMKTS:KIROY) Shares Gap Down – Time to Sell?

Shares of Kumba Iron Ore Ltd. (OTCMKTS:KIROYGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $7.8935, but opened at $7.39. Kumba Iron Ore shares last traded at $7.73, with a volume of 7,619 shares trading hands.

Kumba Iron Ore Stock Performance

The stock’s 50-day moving average is $7.01 and its 200-day moving average is $6.43.

Kumba Iron Ore Company Profile

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Kumba Iron Ore, trading over the counter under the symbol KIROY, is one of South Africa’s leading iron ore producers. The company operates two primary open-pit mines—Sishen and Kolomela—located in the Northern Cape province. These operations focus on the extraction and processing of high-quality hematite ore, producing a range of lump and fine products that serve as essential feedstock for global steelmakers.

Established in 2001 following a demerger from parent companies, Kumba Iron Ore has grown its production capacity and operational efficiency through sustained investment in mining technology and infrastructure.

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