Kumba Iron Ore (OTCMKTS:KIROY) Trading Down 5.5% – Here’s What Happened

Shares of Kumba Iron Ore Ltd. (OTCMKTS:KIROYGet Free Report) traded down 5.5% on Thursday . The company traded as low as $7.23 and last traded at $7.23. 6,351 shares were traded during trading, a decline of 34% from the average session volume of 9,561 shares. The stock had previously closed at $7.6475.

Kumba Iron Ore Stock Performance

The stock has a 50-day simple moving average of $7.44 and a 200 day simple moving average of $6.67.

Kumba Iron Ore Company Profile

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Kumba Iron Ore, trading over the counter under the symbol KIROY, is one of South Africa’s leading iron ore producers. The company operates two primary open-pit mines—Sishen and Kolomela—located in the Northern Cape province. These operations focus on the extraction and processing of high-quality hematite ore, producing a range of lump and fine products that serve as essential feedstock for global steelmakers.

Established in 2001 following a demerger from parent companies, Kumba Iron Ore has grown its production capacity and operational efficiency through sustained investment in mining technology and infrastructure.

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