Shares of Kumba Iron Ore Ltd. (OTCMKTS:KIROY - Get Free Report) dropped 7% during mid-day trading on Wednesday . The company traded as low as $5.14 and last traded at $5.15. Approximately 1,665 shares changed hands during trading, a decline of 73% from the average daily volume of 6,187 shares. The stock had previously closed at $5.54.
Kumba Iron Ore Stock Down 0.8%
The firm has a 50 day moving average price of $5.62 and a 200-day moving average price of $6.07.
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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