Kumba Iron Ore (OTCMKTS:KIROY) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Kumba Iron Ore Limited (OTCMKTS:KIROYGet Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.82 and traded as low as $6.33. Kumba Iron Ore shares last traded at $6.33, with a volume of 1,334 shares trading hands.

Kumba Iron Ore Stock Performance

The company has a 50 day moving average price of $6.82 and a 200 day moving average price of $7.55.

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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