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Kumba Iron Ore (OTCMKTS:KIROY) Share Price Passes Below Fifty Day Moving Average - Here's Why

Kumba Iron Ore logo with Basic Materials background

Kumba Iron Ore Limited (OTCMKTS:KIROY - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.15 and traded as low as $5.46. Kumba Iron Ore shares last traded at $5.46, with a volume of 15,420 shares.

Kumba Iron Ore Price Performance

The company has a 50-day moving average price of $6.15 and a 200-day moving average price of $6.35.

Kumba Iron Ore Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a $0.3586 dividend. This is a positive change from Kumba Iron Ore's previous dividend of $0.25. The ex-dividend date was Friday, March 14th.

Kumba Iron Ore Company Profile

(Get Free Report)

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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