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Glencore (OTCMKTS:GLNCY) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Glencore logo with Basic Materials background

Key Points

  • Glencore's stock price recently crossed above its 200-day moving average of $7.80, reaching a high of $8.05 before last trading at $7.98.
  • The company holds a debt-to-equity ratio of 0.77 and a current ratio of 1.20, suggesting a stable financial position.
  • Glencore is involved in the production and marketing of a wide range of metals and energy products across multiple regions globally.
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Glencore PLC (OTCMKTS:GLNCY - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.80 and traded as high as $8.05. Glencore shares last traded at $7.98, with a volume of 599,202 shares changing hands.

Glencore Stock Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.20 and a quick ratio of 0.60. The firm's 50 day simple moving average is $7.98 and its 200-day simple moving average is $7.77.

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.

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