Exxaro Resources (OTCMKTS:EXXAY) Shares Pass Below 200-Day Moving Average – What’s Next?

Exxaro Resources Limited (OTCMKTS:EXXAY) shares passed below its 200-day moving average during trading on Tuesday . 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 traded.

Exxaro Resources Trading Up 6.0%

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