Industrias Peñoles (OTCMKTS:IPOAF) Stock Price Down 3.4% – Here’s Why

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) shares traded down 3.4% during trading on Tuesday . The company traded as low as $53.25 and last traded at $53.45. 4,211 shares changed hands during trading, an increase of 153% from the average session volume of 1,666 shares. The stock had previously closed at $55.3420.

Industrias Peñoles Price Performance

The stock has a 50-day moving average price of $43.08 and a two-hundred day moving average price of $36.60.

About Industrias Peñoles

Industrias Peñoles, SAB. de C.V. (OTCMKTS: IPOAF) is a Mexico-based mining and metals company specializing in the exploration, extraction and processing of non-ferrous metals. The company’s core activities encompass the mining of silver, gold, copper, zinc and lead ores, as well as the operation of smelting and refining facilities that produce high-purity metals for industrial and commercial markets worldwide. Peñoles is widely recognized as one of the largest primary silver producers globally and maintains integrated production capabilities from mine to market.

Peñoles operates a diversified portfolio of mines and metallurgical complexes largely concentrated in Mexico, with additional exploration projects and partnerships in Latin America.