Exxaro Resources Limited (OTCMKTS:EXXAF – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 236 shares, a decrease of 93.2% from the September 30th total of 3,460 shares. Based on an average daily volume of 455 shares, the days-to-cover ratio is presently 0.5 days.
Exxaro Resources Price Performance
OTCMKTS:EXXAF remained flat at $11.00 during mid-day trading on Wednesday. Exxaro Resources has a 12-month low of $9.87 and a 12-month high of $13.39. The stock’s 50 day simple moving average is $11.46 and its 200-day simple moving average is $12.23.
About Exxaro Resources
Exxaro Resources Limited is a South African diversified mining and resources company. Its principal business is the mining and processing of thermal and metallurgical coal, which it supplies to domestic power-generation and industrial customers as well as export markets. The company’s coal operations include the Grootegeluk mine in Limpopo and the Leeuwpan mine in Mpumalanga, along with other interests in South African mining assets.
Exxaro also has exposure to mineral sands through its investment in Tronox Holdings, a producer of titanium dioxide pigment and related mineral-sands products.
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