IronRidge Resources (LON:IRR) Shares Up 9.3% – Here’s Why

Shares of IronRidge Resources Limited (LON:IRRGet Free Report) were up 9.3% during trading on Thursday . The stock traded as high as GBX 24.40 ($0.33) and last traded at GBX 23.50 ($0.31). Approximately 2,577,673 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 1,769,440 shares. The stock had previously closed at GBX 21.50 ($0.29).

IronRidge Resources Stock Up 9.3 %

The business has a 50-day simple moving average of GBX 23.50 and a two-hundred day simple moving average of GBX 23.50. The stock has a market capitalization of £134.83 million and a P/E ratio of -39.17.

About IronRidge Resources

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IronRidge Resources Limited explores for and develops mineral properties in Africa and Australia. It explores for lithium, bauxite, titania, and iron ore. The company's flagship project is Zaranou gold project, which includes 3,982 square kilometers of gold deposits and 774 square kilometers of lithium deposits located in Côte d'Ivoire, West Africa.

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