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Kumba Iron Ore (OTCMKTS:KIROY) Shares Pass Below 50 Day Moving Average - Here's Why

Kumba Iron Ore logo with Basic Materials background
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Kumba Iron Ore Limited (OTCMKTS:KIROY - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.39 and traded as low as $6.31. Kumba Iron Ore shares last traded at $6.72, with a volume of 644 shares changing hands.

Kumba Iron Ore Stock Down 0.2 %

The business has a fifty day simple moving average of $6.42 and a 200 day simple moving average of $6.56.

Kumba Iron Ore Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be given a dividend of $0.3586 per share. This is an increase from Kumba Iron Ore's previous dividend of $0.25. The ex-dividend date of this dividend is Friday, March 14th.

About Kumba Iron Ore

(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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