Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $4.94 and traded as low as $4.4650. Kumba Iron Ore shares last traded at $4.4828, with a volume of 17,945 shares changing hands.
Kumba Iron Ore Price Performance
The stock’s 50-day simple moving average is $4.94 and its two-hundred day simple moving average is $5.75.
Kumba Iron Ore Company Profile
Kumba Iron Ore Limited is a South African iron ore producer that explores for, mines, processes and markets iron ore. Its products include high-quality iron ore lump and fine ores, which are supplied primarily to steelmakers.
The company operates the Sishen and Kolomela mines in South Africa’s Northern Cape province. Ore from these operations is transported by rail to the Port of Saldanha Bay on the country’s west coast for export to international customers, serving steel markets in regions including Asia and Europe.
Kumba Iron Ore was formed in 2006 following the unbundling of Kumba Resources and is listed on the Johannesburg Stock Exchange.
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