Iluka Resources (OTCMKTS:ILKAF) Trading Up 1.6% – Should You Buy?
by Jessica Moore · The Cerbat GemIluka Resources Limited (OTCMKTS:ILKAF – Get Free Report) shares traded up 1.6% during mid-day trading on Tuesday . The company traded as high as $3.88 and last traded at $3.85. 21,230 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 44,589 shares. The stock had previously closed at $3.79.
Iluka Resources Trading Up 1.4%
The business’s fifty day moving average is $4.25 and its 200 day moving average is $3.89.
About Iluka Resources
Iluka Resources is a leading global mineral sands company headquartered in Perth, Western Australia. The company specialises in the exploration, mining, processing and marketing of heavy mineral products, primarily ilmenite, rutile and zircon. These commodities are critical feedstocks for the manufacture of titanium dioxide pigments, ceramic tiles, welding rod coatings and various other industrial applications. Iluka also produces synthetic rutile and is involved in the recovery of rare earth elements as part of its resource development strategy.
Iluka’s operations are predominantly located in Australia, with large-scale mineral sands projects in South and Western Australia, including the Jacinth-Ambrosia and Eneabba deposits.