Shares of South32 Ltd. (OTCMKTS:SOUHY – Get Free Report) gapped up prior to trading on Monday after Citigroup upgraded the stock from a neutral rating to a buy rating. The stock had previously closed at $13.74, but opened at $15.01. South32 shares last traded at $15.08, with a volume of 11,863 shares trading hands.
South32 Stock Up 9.2%
The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14. The firm’s 50-day simple moving average is $15.43 and its 200 day simple moving average is $12.40.
About South32
South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.
The company’s operations are organized by commodity and geography.
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