Ironveld (LON:IRON) Hits New 1-Year Low – Should You Sell?
by Danessa Lincoln · The Markets DailyIronveld Plc (LON:IRON – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 0.02 and last traded at GBX 0.02, with a volume of 210782766 shares trading hands. The stock had previously closed at GBX 0.02.
Ironveld Price Performance
The company’s 50 day moving average price is GBX 0.02 and its 200-day moving average price is GBX 0.03. The stock has a market cap of £4.56 million, a P/E ratio of -5.50 and a beta of 0.81. The company has a quick ratio of 0.29, a current ratio of 0.03 and a debt-to-equity ratio of 3.07.
Ironveld Company Profile
Ironveld is a speciality metals producer based in Southern Africa that seeks to maximise revenues from the metals it produces by its Mining division and processing them at its Rustenburg smelter, operated by its Smelting division, and producing specialist high purity iron powders as well as Vanadium slag and Titanium slag, all critical for the green energy transition.