Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY – Get Free Report)’s stock price dropped 0.2% on Tuesday . The company traded as low as $16.03 and last traded at $16.08. Approximately 221,563 shares were traded during trading, an increase of 82% from the average session volume of 121,477 shares. The stock had previously closed at $16.11.
Sumitomo Metal Mining Stock Performance
The company’s 50-day simple moving average is $13.97 and its 200-day simple moving average is $14.66.
Sumitomo Metal Mining Company Profile
Sumitomo Metal Mining Co, Ltd., headquartered in Tokyo, Japan, is a diversified metals and mining company with operations spanning exploration, extraction, smelting, refining and recycling. Tracing its roots to the historic Besshi Copper Mine under the Sumitomo umbrella, it was established as a standalone corporate entity in 1950. The company’s product portfolio includes copper, nickel, cobalt and gold, with a growing emphasis on battery‐grade nickel and cobalt sulfate for lithium‐ion cells used in electric vehicles and energy storage systems.
Key assets include the Niihama copper smelter and refinery in Ehime Prefecture, and a 20% interest in PT Vale Indonesia, operator of the Sorowako nickel mine on Sulawesi Island.
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