Iluka Resources Limited (OTCMKTS:ILKAF – Get Free Report)’s share price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $4.23 and traded as high as $4.25. Iluka Resources shares last traded at $4.25, with a volume of 4,700 shares traded.
Iluka Resources Stock Up 2.6%
The firm’s 50 day moving average is $4.23 and its two-hundred day moving average is $4.66.
About Iluka Resources
Iluka Resources Limited is an Australian mineral sands company headquartered in Perth, Western Australia. The company explores, develops and operates mineral sands mines and processing facilities, with activities focused primarily on zircon and titanium dioxide feedstocks.
Iluka’s products include zircon, synthetic rutile, rutile and ilmenite. These materials are used in applications such as ceramics, paints and coatings, plastics, paper, welding and other industrial products. The company also manages mineral sands resources and residues at its Eneabba operation in Western Australia, which supports its plans to develop a rare earths business.
Iluka’s principal operations and assets are located in Australia, including in Western Australia, South Australia and the Victorian region of the Murray Basin.
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