Ironveld (LON:IRON) Trading Down 8.7% – Here’s What Happened

Ironveld Plc (LON:IRONGet Free Report)’s share price dropped 8.7% on Thursday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 37,844,844 shares changed hands during trading, a decline of 43% from the average daily volume of 66,320,344 shares. The stock had previously closed at GBX 0.02.

Ironveld Stock Performance

The firm has a market capitalization of £4.56 million, a PE ratio of -5.50 and a beta of 0.37. The company’s fifty day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.04. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.03 and a quick ratio of 0.29.

Ironveld Company Profile

(Get Free Report)

Ironveld is a speciality metals producer based in Southern Africa that seeks to maximise revenues from the metals it produces by its Mining division and processing them at its Rustenburg smelter, operated by its Smelting division, and producing specialist high purity iron powders as well as Vanadium slag and Titanium slag, all critical for the green energy transition.

Further Reading

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