Shares of Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) hit a new 52-week low on Thursday. The company traded as low as $4.47 and last traded at $4.47, with a volume of 13648 shares trading hands. The stock had previously closed at $4.5650.
Kumba Iron Ore Stock Down 3.7%
The firm has a 50 day simple moving average of $5.10 and a 200-day simple moving average of $5.87.
About Kumba Iron Ore
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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