Shares of Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF – Get Free Report) dropped 6% during mid-day trading on Friday . The stock traded as low as $49.38 and last traded at $50.00. Approximately 3,332 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 2,155 shares. The stock had previously closed at $53.19.
Industrias Peñoles Price Performance
The firm has a 50-day moving average of $53.15 and a 200-day moving average of $53.00.
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.
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