African Rainbow Minerals Limited (OTCMKTS:AFBOF – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,514 shares, an increase of 229.8% from the September 15th total of 459 shares. Based on an average trading volume of 191 shares, the days-to-cover ratio is presently 7.9 days.
African Rainbow Minerals Stock Performance
OTCMKTS:AFBOF opened at $8.80 on Monday. African Rainbow Minerals has a one year low of $8.80 and a one year high of $15.00. The business’s 50-day simple moving average is $9.97 and its 200 day simple moving average is $12.00.
African Rainbow Minerals Company Profile
African Rainbow Minerals Limited (OTCMKTS:AFBOF) is a South African diversified mining company with operations and investments spanning several commodities. Its activities have included the mining and processing of iron ore, manganese ore, copper, nickel, and coal, supplying raw materials to steel, manufacturing, energy, and other industrial customers.
The company’s principal assets are located in South Africa, with additional interests in mining projects elsewhere in Africa. African Rainbow Minerals has historically participated in the iron ore and manganese businesses through Assmang, its longstanding joint venture with Assore.
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