Kumba Iron Ore (OTCMKTS:KIROY) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Kumba Iron Ore Limited (OTCMKTS:KIROY)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.63 and traded as low as $6.36. Kumba Iron Ore shares last traded at $6.41, with a volume of 1,029 shares.

Kumba Iron Ore Stock Down 0.3 %

The business has a 50 day moving average price of $6.63 and a 200 day moving average price of $6.56.

Kumba Iron Ore Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be given a dividend of $0.3586 per share. This is an increase from Kumba Iron Ore’s previous dividend of $0.25. The ex-dividend date of this dividend is Friday, March 14th.

About Kumba Iron Ore

Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.