Industrias Peñoles (OTCMKTS:IPOAF) Shares Up 6.7% – Here’s Why

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF)’s stock price was up 6.7% during trading on Tuesday . The company traded as high as $64.50 and last traded at $64.30. Approximately 5,324 shares were traded during trading, an increase of 79% from the average daily volume of 2,975 shares. The stock had previously closed at $60.29.

Industrias Peñoles Price Performance

The business has a 50 day moving average price of $48.19 and a two-hundred day moving average price of $39.84.

Industrias Peñoles Company Profile

Industrias Peñoles, SAB. de C.V. (OTCMKTS: IPOAF) is a Mexico-based mining and metals company specializing in the exploration, extraction and processing of non-ferrous metals. The company’s core activities encompass the mining of silver, gold, copper, zinc and lead ores, as well as the operation of smelting and refining facilities that produce high-purity metals for industrial and commercial markets worldwide. Peñoles is widely recognized as one of the largest primary silver producers globally and maintains integrated production capabilities from mine to market.

Peñoles operates a diversified portfolio of mines and metallurgical complexes largely concentrated in Mexico, with additional exploration projects and partnerships in Latin America.