IGO Limited (OTCMKTS:IPGDF – Get Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 28,490 shares, a drop of 49.0% from the June 15th total of 55,840 shares. Based on an average daily volume of 1,425 shares, the short-interest ratio is presently 20.0 days.
IGO Stock Performance
IPGDF stock remained flat at $5.70 during trading on Wednesday. The company has a 50 day moving average price of $6.32 and a 200 day moving average price of $5.92. IGO has a 52-week low of $2.66 and a 52-week high of $7.12.
IGO Company Profile
IGO Limited, trading as IPGDF on the OTC Markets, is an Australian-based diversified mining and metals company with a strategic focus on battery-cycle commodities and precious metals. Originally founded as Independence Group NL in 1997, the company rebranded to IGO Limited in 2018 to reflect its evolving portfolio. IGO’s operations span the extraction, processing and marketing of key industrial minerals and metals that underpin the global energy transition.
The company’s core asset portfolio includes the Nova nickel–copper–cobalt operation in Western Australia, which produces mixed sulphide concentrate; a 50% interest in the Tropicana gold joint venture; and the Kwinana Nickel Refinery, which refines concentrate into battery-grade nickel products.
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