Glencore (LON:GLEN) Stock Passes Above 200 Day Moving Average of $436.48

Shares of Glencore plc (LON:GLEN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 436.48 ($5.39) and traded as high as GBX 477.20 ($5.89). Glencore shares last traded at GBX 469.50 ($5.80), with a volume of 18,491,428 shares.

Glencore Price Performance

The stock’s 50 day moving average price is GBX 428.48 and its two-hundred day moving average price is GBX 436.48. The company has a debt-to-equity ratio of 85.91, a current ratio of 1.29 and a quick ratio of 0.32. The firm has a market capitalization of £57.04 billion, a price-to-earnings ratio of 1,738.89, a PEG ratio of 0.43 and a beta of 1.32.

Glencore Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be paid a $0.07 dividend. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 29th. Glencore’s payout ratio is 3,703.70%.

Glencore Company Profile

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.