Mineral Resources (OTCMKTS:MALRF) Shares Down 7.7% – What’s Next?

Mineral Resources Limited (OTCMKTS:MALRFGet Free Report)’s stock price traded down 7.7% during trading on Thursday . The company traded as low as $36.49 and last traded at $36.49. 367 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 683 shares. The stock had previously closed at $39.5280.

Mineral Resources Stock Performance

The company has a 50 day simple moving average of $35.35 and a two-hundred day simple moving average of $28.68.

Mineral Resources Company Profile

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Mineral Resources (OTCMKTS: MALRF) is an Australia-based diversified resources company primarily engaged in iron ore mining, lithium production and mining services. Headquartered in Perth, Western Australia, the company operates integrated mining hubs in the Pilbara region and maintains a suite of downstream infrastructure including crushing, screening, rail haulage and port facilities. Through these operations, Mineral Resources delivers iron ore products to domestic and international steelmakers, serving markets across Asia, Europe and North America.

Founded in the mid-1990s, Mineral Resources has grown from a single iron ore project into a multi-commodity enterprise.

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