Industrias Peñoles (OTCMKTS:IPOAF) Stock Price Down 3.4% – Here’s Why

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) shares fell 3.4% during mid-day trading on Tuesday . The company traded as low as $53.25 and last traded at $53.45. 4,211 shares were traded during mid-day trading, an increase of 153% from the average session volume of 1,666 shares. The stock had previously closed at $55.3420.

Industrias Peñoles Trading Down 3.4%

The stock’s fifty day moving average price is $43.08 and its 200 day moving average price is $36.60.

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.