Ironveld (LON:IRON) Hits New 12-Month Low – Here’s Why

Ironveld Plc (LON:IRON – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as GBX 0.01 and last traded at GBX 0.01, with a volume of 70,665,695 shares changing hands. The stock had previously closed at GBX 0.01.

Ironveld Stock Performance

The business’s fifty day moving average is GBX 0.02 and its 200-day moving average is GBX 0.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.29 and a current ratio of 0.09. The firm has a market cap of £1.66 million, a P/E ratio of -2.00 and a beta of 0.84.

About Ironveld

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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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