IGO Limited (OTCMKTS:IPGDF – Get Free Report) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 55,840 shares, a decline of 80.5% from the May 31st total of 286,761 shares. Based on an average daily volume of 340 shares, the short-interest ratio is currently 164.2 days.
IGO Stock Performance
IGO stock opened at $5.70 on Friday. IGO has a 12 month low of $2.66 and a 12 month high of $7.12. The stock’s 50-day moving average is $6.43 and its 200-day moving average is $5.84.
IGO Company Profile
IGO Limited, trading as IPGDF on the OTC Markets, is an Australian-based diversified mining and metals company with a strategic focus on battery-cycle commodities and precious metals. Originally founded as Independence Group NL in 1997, the company rebranded to IGO Limited in 2018 to reflect its evolving portfolio. IGO’s operations span the extraction, processing and marketing of key industrial minerals and metals that underpin the global energy transition.
The company’s core asset portfolio includes the Nova nickel–copper–cobalt operation in Western Australia, which produces mixed sulphide concentrate; a 50% interest in the Tropicana gold joint venture; and the Kwinana Nickel Refinery, which refines concentrate into battery-grade nickel products.
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