Glencore plc (OTCMKTS:GLCNF – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.48 and traded as high as $5.89. Glencore shares last traded at $5.89, with a volume of 31,692 shares trading hands.
Glencore Price Performance
The firm’s 50 day moving average price is $5.37 and its 200-day moving average price is $5.48.
Glencore Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, June 5th. Investors of record on Friday, May 3rd will be paid a dividend of $0.065 per share. The ex-dividend date is Wednesday, May 1st. Glencore’s payout ratio is 58.52%.
About Glencore
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.
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