Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report)’s stock price rose 8.6% on Wednesday . The company traded as high as $8.04 and last traded at $8.04. Approximately 401 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 10,995 shares. The stock had previously closed at $7.40.
Kumba Iron Ore Price Performance
The company’s 50-day simple moving average is $7.17 and its 200-day simple moving average is $6.52.
Kumba Iron Ore Company Profile
Kumba Iron Ore, trading over the counter under the symbol KIROY, is one of South Africa’s leading iron ore producers. The company operates two primary open-pit mines—Sishen and Kolomela—located in the Northern Cape province. These operations focus on the extraction and processing of high-quality hematite ore, producing a range of lump and fine products that serve as essential feedstock for global steelmakers.
Established in 2001 following a demerger from parent companies, Kumba Iron Ore has grown its production capacity and operational efficiency through sustained investment in mining technology and infrastructure.
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