Ironveld (LON:IRON) Stock Price Up 68.2% – Here’s Why

Ironveld Plc (LON:IRON)’s stock price traded up 68.2% during mid-day trading on Tuesday . The stock traded as high as GBX 0.08 ($0.00) and last traded at GBX 0.07 ($0.00). 689,116,125 shares traded hands during trading, an increase of 879% from the average session volume of 70,396,938 shares. The stock had previously closed at GBX 0.04 ($0.00).

Ironveld Stock Performance

The company has a quick ratio of 0.29, a current ratio of 0.20 and a debt-to-equity ratio of 0.19. The stock has a market cap of £7.92 million, a P/E ratio of -125.00 and a beta of 0.37. The business has a 50 day moving average price of GBX 0.04 and a 200 day moving average price of GBX 0.04.

Ironveld Company Profile

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.