Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $4.33 and last traded at $4.55, with a volume of 1,958 shares changing hands. The stock had previously closed at $4.50.
Kumba Iron Ore Trading Down 0.3%
The firm’s 50-day moving average price is $4.72 and its 200 day moving average price is $6.03.
Kumba Iron Ore Company Profile
Kumba Iron Ore Limited is a South African iron ore producer and a subsidiary of Anglo American plc. The company explores for, mines, processes and markets iron ore, producing high-grade products used primarily in steelmaking.
Kumba operates the Sishen and Kolomela mines in South Africa’s Northern Cape province. Its ore is transported by rail to the Port of Saldanha Bay on the country’s west coast for export to international customers, particularly steel producers in major global markets.
The company was established in 2006 following the unbundling of Kumba Resources and has been listed on the Johannesburg Stock Exchange since then.
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