Shares of African Rainbow Minerals Limited (OTCMKTS:AFBOF – Get Free Report) rose 25% on Wednesday . The company traded as high as $15.00 and last traded at $15.00. Approximately 100 shares traded hands during trading, a decline of 88% from the average daily volume of 867 shares. The stock had previously closed at $12.00.
African Rainbow Minerals Trading Up 25.0%
The company’s fifty day moving average price is $11.87 and its 200-day moving average price is $10.88.
African Rainbow Minerals Company Profile
African Rainbow Minerals (OTCMKTS:AFBOF) is a South Africa–based diversified mining and beneficiation company with a portfolio spanning ferrous metals, base metals and precious metals. The company’s principal operations include the exploration, extraction, processing and marketing of iron ore, manganese, chrome, platinum group metals and gold. Through a combination of wholly owned operations and strategic joint ventures, African Rainbow Minerals participates in every stage of the mining value chain, from resource evaluation and mine development to downstream smelting and refining.
The company holds majority interests in several prominent mining assets in South Africa, including iron ore and manganese operations in the Northern Cape and chrome and platinum group metals projects in the Bushveld Complex.
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