Ironveld (LON:IRON) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Ironveld Plc (LON:IRONGet Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.04 and traded as low as GBX 0.02. Ironveld shares last traded at GBX 0.02, with a volume of 54,451,258 shares.

Ironveld Stock Performance

The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.29 and a current ratio of 0.03. The stock has a 50-day moving average of GBX 0.03 and a 200 day moving average of GBX 0.04. The firm has a market capitalization of £4.35 million, a P/E ratio of -5.25 and a beta of 0.37.

Ironveld Company Profile

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Ironveld is a speciality metals producer based in Southern Africa that seeks to maximise revenues from the metals it produces by its Mining division and processing them at its Rustenburg smelter, operated by its Smelting division, and producing specialist high purity iron powders as well as Vanadium slag and Titanium slag, all critical for the green energy transition.

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