Mineral Resources Limited (OTCMKTS:MALRY – Get Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,587 shares, a decrease of 49.1% from the April 30th total of 3,115 shares. Based on an average daily volume of 3,826 shares, the short-interest ratio is presently 0.4 days.
Mineral Resources Stock Performance
Shares of OTCMKTS:MALRY traded down $0.30 on Tuesday, reaching $52.47. 6,470 shares of the company’s stock were exchanged, compared to its average volume of 2,991. The company has a fifty day moving average of $44.36 and a 200-day moving average of $39.73. Mineral Resources has a twelve month low of $11.96 and a twelve month high of $53.21.
Mineral Resources Company Profile
Mineral Resources (OTCMKTS:MALRY) is an Australian-based mining and materials company headquartered in Perth, Western Australia. Founded in 1992, the firm has grown from its origins as a small iron ore explorer into a diversified resources business. It is publicly traded on the Australian Securities Exchange (ASX) under the ticker MRL and is available to U.S. investors via its OTCMKTS listing.
The company’s core activities encompass the extraction and processing of iron ore, spodumene lithium concentrate, and related mineral products.
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