Exxaro Resources Limited (OTCMKTS:EXXAF – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 236 shares, a drop of 93.2% from the September 30th total of 3,460 shares. Based on an average daily volume of 455 shares, the days-to-cover ratio is presently 0.5 days.
Exxaro Resources Stock Performance
Shares of Exxaro Resources stock opened at $11.00 on Tuesday. The firm has a fifty day simple moving average of $11.49 and a 200-day simple moving average of $12.23. Exxaro Resources has a 1-year low of $9.87 and a 1-year high of $13.39.
Exxaro Resources Company Profile
Exxaro Resources Limited is a South African diversified mining and resources company. Its principal business is the mining and processing of thermal and metallurgical coal, which it supplies to domestic power-generation and industrial customers as well as export markets. The company’s coal operations include the Grootegeluk mine in Limpopo and the Leeuwpan mine in Mpumalanga, along with other interests in South African mining assets.
Exxaro also has exposure to mineral sands through its investment in Tronox Holdings, a producer of titanium dioxide pigment and related mineral-sands products.
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