Exxaro Resources (OTCMKTS:EXXAY) Share Price Passes Below 200-Day Moving Average – Here’s Why

Exxaro Resources Limited (OTCMKTS:EXXAY)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.10 and traded as low as $7.91. Exxaro Resources shares last traded at $8.10, with a volume of 1,200 shares.

Exxaro Resources Stock Up 6.0%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.27. The business has a 50 day moving average of $8.10 and a 200 day moving average of $8.10.

Exxaro Resources Company Profile

Exxaro Resources Limited is a South African diversified resources company headquartered in Pretoria. It is one of the country’s leading coal producers, with operations spanning both thermal and metallurgical coal. Beyond coal, Exxaro’s portfolio includes heavy mineral sands, from which it extracts titanium dioxide feedstocks and zircon, and it is increasingly investing in renewable energy projects to complement its traditional mining activities.

The company’s mining operations are located primarily in Mpumalanga, Limpopo and the Northern Cape provinces, where it supplies coal to domestic power utilities and industrial customers.