Mineral Resources Limited (OTCMKTS:MALRY – Get Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,587 shares, a decline of 49.1% from the April 30th total of 3,115 shares. Based on an average daily volume of 3,826 shares, the days-to-cover ratio is presently 0.4 days.
Mineral Resources Stock Performance
Shares of OTCMKTS:MALRY remained flat at $52.47 during midday trading on Wednesday. The company had a trading volume of 6,470 shares, compared to its average volume of 2,991. Mineral Resources has a 12 month low of $11.96 and a 12 month high of $53.21. The business’s 50 day moving average price is $44.36 and its two-hundred day moving average price is $39.73.
Mineral Resources Company Profile
Mineral Resources (OTCMKTS:MALRY) is an Australian-based mining and materials company headquartered in Perth, Western Australia. Founded in 1992, the firm has grown from its origins as a small iron ore explorer into a diversified resources business. It is publicly traded on the Australian Securities Exchange (ASX) under the ticker MRL and is available to U.S. investors via its OTCMKTS listing.
The company’s core activities encompass the extraction and processing of iron ore, spodumene lithium concentrate, and related mineral products.
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