Kumba Iron Ore Limited (OTCMKTS:KIROY – Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.68 and traded as low as $7.72. Kumba Iron Ore shares last traded at $8.04, with a volume of 3,400 shares.
Kumba Iron Ore Price Performance
The firm’s fifty day moving average is $8.62 and its 200-day moving average is $9.40.
Kumba Iron Ore Increases Dividend
The business also recently disclosed a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.316 dividend. This is a positive change from Kumba Iron Ore’s previous dividend of $0.30. The ex-dividend date was Thursday, March 14th.
About Kumba Iron Ore
Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.
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