Kumba Iron Ore (OTCMKTS:KIROY) Reaches New 52-Week Low – Here’s Why

Kumba Iron Ore Limited (OTCMKTS:KIROYGet Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $5.61 and last traded at $5.85, with a volume of 7968 shares changing hands. The stock had previously closed at $5.91.

Kumba Iron Ore Price Performance

The firm has a 50-day moving average of $6.44 and a two-hundred day moving average of $7.04.

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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