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Glencore (OTCMKTS:GLNCY) Stock Price Passes Above 200-Day Moving Average - Here's Why

Glencore logo with Basic Materials background

Glencore PLC (OTCMKTS:GLNCY - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.84 and traded as high as $8.36. Glencore shares last traded at $8.23, with a volume of 364,164 shares changing hands.

Glencore Trading Up 0.2%

The company has a current ratio of 1.20, a quick ratio of 0.60 and a debt-to-equity ratio of 0.77. The company's fifty day simple moving average is $7.69 and its 200 day simple moving average is $7.84.

Glencore Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, May 5th were issued a $0.085 dividend. This represents a yield of 2.75%. The ex-dividend date was Friday, May 2nd.

Glencore Company Profile

(Get Free Report)

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.

Further Reading

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