Iluka Resources (OTCMKTS:ILKAY) Trading Down 10.7% – Here’s What Happened

Posted by Defense World Staff on Nov 15th, 2024

Shares of Iluka Resources Limited (OTCMKTS:ILKAY – Get Free Report) traded down 10.7% during trading on Thursday . The company traded as low as $18.98 and last traded at $18.98. 102 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 431 shares. The stock had previously closed at $21.26.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised shares of Iluka Resources to a “hold” rating in a research report on Wednesday, August 28th.

Check Out Our Latest Stock Report on Iluka Resources

Iluka Resources Stock Performance

The business has a 50-day simple moving average of $21.35 and a two-hundred day simple moving average of $21.80.

Iluka Resources Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Investors of record on Wednesday, September 4th were paid a $0.1079 dividend. The ex-dividend date was Wednesday, September 4th. Iluka Resources’s dividend payout ratio (DPR) is presently -448.45%.

Iluka Resources Company Profile

(Get Free Report)

Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally. It operates through Jacinth-Ambrosia/Mid-West, Cataby/South West, Rare Earths, and United States/Murray Basin segments.