Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) hit a new 52-week low during trading on Friday. The company traded as low as $4.36 and last traded at $4.3692, with a volume of 19,702 shares trading hands. The stock had previously closed at $4.49.
Kumba Iron Ore Stock Down 1.6%
The firm’s 50 day moving average is $4.78 and its 200-day moving average is $6.08.
About Kumba Iron Ore
Kumba Iron Ore Limited is a South African iron ore producer and a subsidiary of Anglo American plc. The company explores for, mines, processes and markets iron ore, producing high-grade products used primarily in steelmaking.
Kumba operates the Sishen and Kolomela mines in South Africa’s Northern Cape province. Its ore is transported by rail to the Port of Saldanha Bay on the country’s west coast for export to international customers, particularly steel producers in major global markets.
The company was established in 2006 following the unbundling of Kumba Resources and has been listed on the Johannesburg Stock Exchange since then.
Featured Articles
- Five stocks we like better than Kumba Iron Ore
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for Kumba Iron Ore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kumba Iron Ore and related companies with MarketBeat.com's FREE daily email newsletter.
