South32 (OTCMKTS:SOUHY) Shares Gap Up – Here’s What Happened

South32 Ltd. (OTCMKTS:SOUHYGet Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $13.52, but opened at $15.14. South32 shares last traded at $15.35, with a volume of 10,982 shares traded.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SOUHY. Citigroup reaffirmed a “buy” rating on shares of South32 in a research note on Tuesday, May 26th. Zacks Research raised South32 from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Read Our Latest Stock Analysis on South32

South32 Trading Up 11.0%

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.71 and a quick ratio of 1.99. The business’s 50-day simple moving average is $15.46 and its two-hundred day simple moving average is $14.89.

South32 Company Profile

(Get Free Report)

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.

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