Glencore (LON:GLEN) Stock Passes Above 200 Day Moving Average of $436.48

Glencore plc (LON:GLEN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 436.48 ($5.39) and traded as high as GBX 477.20 ($5.89). Glencore shares last traded at GBX 469.50 ($5.80), with a volume of 18,491,428 shares trading hands.

Glencore Stock Performance

The company has a debt-to-equity ratio of 85.91, a current ratio of 1.29 and a quick ratio of 0.32. The stock has a 50-day simple moving average of GBX 428.48 and a 200-day simple moving average of GBX 436.48. The stock has a market cap of £57.04 billion, a P/E ratio of 1,738.89, a PEG ratio of 0.43 and a beta of 1.32.

Glencore Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be given a $0.07 dividend. This represents a yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 29th. Glencore’s dividend payout ratio is presently 3,703.70%.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.