African Rainbow Minerals Limited (OTCMKTS:AFBOF – Get Free Report) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 517 shares, a decline of 43.6% from the May 31st total of 917 shares. Based on an average trading volume of 55 shares, the short-interest ratio is currently 9.4 days.
African Rainbow Minerals Stock Performance
AFBOF opened at $11.07 on Wednesday. The firm’s 50-day moving average price is $13.50 and its 200-day moving average price is $13.13. African Rainbow Minerals has a 52-week low of $9.47 and a 52-week high of $15.00.
About African Rainbow Minerals
African Rainbow Minerals (OTCMKTS:AFBOF) is a South Africa–based diversified mining and beneficiation company with a portfolio spanning ferrous metals, base metals and precious metals. The company’s principal operations include the exploration, extraction, processing and marketing of iron ore, manganese, chrome, platinum group metals and gold. Through a combination of wholly owned operations and strategic joint ventures, African Rainbow Minerals participates in every stage of the mining value chain, from resource evaluation and mine development to downstream smelting and refining.
The company holds majority interests in several prominent mining assets in South Africa, including iron ore and manganese operations in the Northern Cape and chrome and platinum group metals projects in the Bushveld Complex.
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