Kumba Iron Ore Ltd. (OTCMKTS:KIROY - Get Free Report) shares fell 6.9% during mid-day trading on Monday . The stock traded as low as $5.52 and last traded at $5.52. 4,202 shares traded hands during trading, a decline of 27% from the average session volume of 5,793 shares. The stock had previously closed at $5.93.
Wall Street Analyst Weigh In
Separately, HSBC downgraded shares of Kumba Iron Ore to a "hold" rating in a research note on Monday.
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Kumba Iron Ore Stock Up 1.6%
The firm's 50 day moving average price is $5.65 and its two-hundred day moving average price is $5.99.
About Kumba Iron Ore
(
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Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.
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