Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $7.91, but opened at $8.47. Kumba Iron Ore shares last traded at $8.04, with a volume of 5,914 shares trading hands.
Kumba Iron Ore Price Performance
The firm’s fifty day moving average is $7.28 and its two-hundred day moving average is $6.57.
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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