Ironveld (LON:IRON) Shares Down 11.1% – Here’s Why

Ironveld Plc (LON:IRON – Get Free Report)’s stock price fell 11.1% on Wednesday. The stock traded as low as GBX 0.01 and last traded at GBX 0.01. 134,098,672 shares traded hands during trading, an increase of 104% from the average session volume of 65,810,133 shares. The stock had previously closed at GBX 0.01.

Ironveld Price Performance

The firm has a market cap of £1.66 million, a PE ratio of -2.00 and a beta of 0.84. The firm’s fifty day simple moving average is GBX 0.02 and its two-hundred day simple moving average is GBX 0.03. The company has a quick ratio of 0.29, a current ratio of 0.09 and a debt-to-equity ratio of 0.13.

Ironveld Company Profile

(Get Free Report)

Ironveld is a speciality metals producer based in Southern Africa that seeks to maximise revenues from the metals it produces by its Mining division and processing them at its Rustenburg smelter, operated by its Smelting division, and producing specialist high purity iron powders as well as Vanadium slag and Titanium slag, all critical for the green energy transition.

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