Exxaro Resources Limited (OTCMKTS:EXXAF – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 3,460 shares, a growth of 260.4% from the September 15th total of 960 shares. Based on an average trading volume of 1,911 shares, the days-to-cover ratio is presently 1.8 days.
Exxaro Resources Stock Performance
OTCMKTS:EXXAF opened at $10.00 on Tuesday. Exxaro Resources has a 1 year low of $9.87 and a 1 year high of $13.39. The stock’s fifty day moving average price is $11.83 and its two-hundred day moving average price is $12.47.
Exxaro Resources Company Profile
Exxaro Resources Limited is a South African diversified resources company focused primarily on the mining and marketing of coal. Its operations include thermal and metallurgical coal production, with coal supplied to domestic power-generation and industrial customers as well as international export markets. The company’s principal coal assets include the Grootegeluk, Leeuwpan, Matla and Belfast mines in South Africa.
Grootegeluk, located in Limpopo province, is one of the world’s larger integrated coal-mining and beneficiation complexes and supplies coal to South Africa’s electricity sector, including Eskom.
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