Shares of Mineral Resources Limited (OTCMKTS:MALRF – Get Free Report) traded down 10.1% on Monday . The company traded as low as $43.61 and last traded at $45.17. Approximately 200 shares traded hands during trading, a decline of 59% from the average daily volume of 482 shares. The stock had previously closed at $50.25.
Mineral Resources Price Performance
The business has a fifty day simple moving average of $46.12 and a 200-day simple moving average of $40.20.
About Mineral Resources
Mineral Resources (OTCMKTS: MALRF) is an Australia-based diversified resources company primarily engaged in iron ore mining, lithium production and mining services. Headquartered in Perth, Western Australia, the company operates integrated mining hubs in the Pilbara region and maintains a suite of downstream infrastructure including crushing, screening, rail haulage and port facilities. Through these operations, Mineral Resources delivers iron ore products to domestic and international steelmakers, serving markets across Asia, Europe and North America.
Founded in the mid-1990s, Mineral Resources has grown from a single iron ore project into a multi-commodity enterprise.
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