Ironveld (LON:IRON) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Ironveld Plc (LON:IRONGet Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 0.04 ($0.00) and traded as low as GBX 0.04 ($0.00). Ironveld shares last traded at GBX 0.04 ($0.00), with a volume of 0 shares changing hands.

Ironveld Price Performance

The company’s 50-day simple moving average is GBX 0.04 and its two-hundred day simple moving average is GBX 0.04. The firm has a market capitalization of £1.52 million, a P/E ratio of -2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.10 and a quick ratio of 0.29.

Ironveld Company Profile

(Get Free Report)

Ironveld is a speciality metals producer based in Southern Africa that seeks to maximise revenues from the metals it produces by its Mining division and processing them at its Rustenburg smelter, operated by its Smelting division, and producing specialist high purity iron powders as well as Vanadium slag and Titanium slag, all critical for the green energy transition.

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