Shares of Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY – Get Free Report) were up 4.3% during mid-day trading on Thursday . The stock traded as high as $14.50 and last traded at $14.3085. 133,056 shares were traded during trading, a decline of 45% from the average daily volume of 240,739 shares. The stock had previously closed at $13.72.
Sumitomo Metal Mining Price Performance
The firm has a 50-day moving average price of $12.34 and a 200 day moving average price of $14.37.
Sumitomo Metal Mining Company Profile
Sumitomo Metal Mining Co, Ltd., headquartered in Tokyo, Japan, is a diversified metals and mining company with operations spanning exploration, extraction, smelting, refining and recycling. Tracing its roots to the historic Besshi Copper Mine under the Sumitomo umbrella, it was established as a standalone corporate entity in 1950. The company’s product portfolio includes copper, nickel, cobalt and gold, with a growing emphasis on battery?grade nickel and cobalt sulfate for lithium?ion cells used in electric vehicles and energy storage systems.
Key assets include the Niihama copper smelter and refinery in Ehime Prefecture, and a 20% interest in PT Vale Indonesia, operator of the Sorowako nickel mine on Sulawesi Island.
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