Mineral Resources (OTCMKTS:MALRY) Trading 1% Higher

Mineral Resources Limited (OTCMKTS:MALRY) traded up 1% during mid-day trading on Thursday . The company traded as high as $38.95 and last traded at $38.90. 2,057 shares changed hands during mid-day trading, an increase of 103% from the average session volume of 1,013 shares. The stock had previously closed at $38.53.

Analysts Set New Price Targets

Separately, Citigroup upgraded Mineral Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, August 29th.

Mineral Resources Stock Up 1.0 %

The stock has a fifty day moving average of $41.81 and a 200-day moving average of $45.29.

Mineral Resources Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 8th were issued a $0.3996 dividend. The ex-dividend date of this dividend was Thursday, September 7th.

Mineral Resources Company Profile

Mineral Resources Limited, together with subsidiaries, operates as a mining services company in Australia, Asia, and internationally. It operates through five segments: Mining Services, Iron Ore, Lithium, Energy, and Other Commodities. The company offers contract crushing, screening, and processing; specialized mine services, including materials handling, plant and equipment hire and maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services for resources sector.