African Rainbow Minerals Limited (OTCMKTS:AFBOF – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,514 shares, a growth of 229.8% from the September 15th total of 459 shares. Based on an average trading volume of 191 shares, the days-to-cover ratio is currently 7.9 days.
African Rainbow Minerals Price Performance
Shares of AFBOF opened at $8.80 on Tuesday. African Rainbow Minerals has a 52 week low of $8.80 and a 52 week high of $15.00. The company has a 50-day simple moving average of $9.94 and a 200-day simple moving average of $11.96.
African Rainbow Minerals Company Profile
African Rainbow Minerals Limited (OTCMKTS:AFBOF) is a South African diversified mining company with operations and investments spanning several commodities. Its activities have included the mining and processing of iron ore, manganese ore, copper, nickel, and coal, supplying raw materials to steel, manufacturing, energy, and other industrial customers.
The company’s principal assets are located in South Africa, with additional interests in mining projects elsewhere in Africa. African Rainbow Minerals has historically participated in the iron ore and manganese businesses through Assmang, its longstanding joint venture with Assore.
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