Ironveld (LON:IRON) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Ironveld Plc (LON:IRONGet Free Report)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 0.05 and traded as high as GBX 0.05. Ironveld shares last traded at GBX 0.05, with a volume of 44,933,340 shares trading hands.

Ironveld Price Performance

The company has a market cap of £7.60 million, a price-to-earnings ratio of -1.25 and a beta of 0.37. The business has a 50-day simple moving average of GBX 0.05 and a 200-day simple moving average of GBX 0.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.29 and a current ratio of 0.20.

About Ironveld

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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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