Ironveld (LON:IRON) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Ironveld Plc (LON:IRONGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 0.04 and traded as low as GBX 0.02. Ironveld shares last traded at GBX 0.02, with a volume of 2,415,970 shares trading hands.

Ironveld Stock Performance

The stock has a market cap of £4.35 million, a P/E ratio of -5.25 and a beta of 0.37. The company has a current ratio of 0.03, a quick ratio of 0.29 and a debt-to-equity ratio of 3.07. The company’s 50-day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.04.

About Ironveld

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Ironveld is a speciality metals producer based in Southern Africa that seeks to maximise revenues from the metals it produces by its Mining division and processing them at its Rustenburg smelter, operated by its Smelting division, and producing specialist high purity iron powders as well as Vanadium slag and Titanium slag, all critical for the green energy transition.

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