Mitsubishi Materials (OTCMKTS:MIMTF) Shares Up 48.4% – Still a Buy?

Shares of Mitsubishi Materials Co. (OTCMKTS:MIMTFGet Free Report) were up 48.4% during trading on Monday . The company traded as high as C$24.24 and last traded at C$24.24. Approximately 200 shares changed hands during trading, a decline of 74% from the average daily volume of 777 shares. The stock had previously closed at C$16.34.

Mitsubishi Materials Price Performance

The stock’s fifty day simple moving average is C$18.12 and its 200-day simple moving average is C$17.15.

Mitsubishi Materials Company Profile

(Get Free Report)

Mitsubishi Materials Corporation is a Japanese materials engineering company that manufactures and processes a wide range of products derived from non-ferrous metals, cement and advanced materials. As part of the Mitsubishi Group, it leverages integrated operations spanning resource development, smelting, fabrication and recycling to serve diverse industrial needs.

The company’s offerings include copper cathodes, rods and wires, aluminum products, and electronic materials such as sputtering targets, semiconductor back-end materials and metal powders.

Further Reading

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