Glencore plc (OTCMKTS:GLCNF – Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $7.53 and traded as low as $7.43. Glencore shares last traded at $7.51, with a volume of 11,048 shares changing hands.
Glencore Stock Up 2.8%
The firm has a 50 day simple moving average of $7.73 and a two-hundred day simple moving average of $7.53.
About Glencore
Glencore plc is a Switzerland-based natural resources company engaged in the production, processing, refining, recycling, and marketing of commodities. Its activities span metals and minerals, energy products, and agricultural products, serving industrial customers and consumers worldwide.
The company produces and markets copper, cobalt, zinc, lead, nickel, ferroalloys, and other metals, as well as coal and oil-related products. Glencore also operates recycling businesses that recover metals from industrial materials and end-of-life products.
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