Exxaro Resources (OTCMKTS:EXXAF) Stock Price Down 4.4% – Here’s What Happened
by Jessica Moore · The Cerbat GemShares of Exxaro Resources Limited (OTCMKTS:EXXAF – Get Free Report) dropped 4.4% during mid-day trading on Friday . The stock traded as low as $12.80 and last traded at $12.80. Approximately 300 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 1,338 shares. The stock had previously closed at $13.39.
Exxaro Resources Price Performance
The company’s fifty day moving average is $12.46 and its 200-day moving average is $11.32.
About Exxaro Resources
Exxaro Resources is a South African diversified resources group primarily engaged in the mining, processing and marketing of coal. The company’s portfolio includes thermal, metallurgical and anthracite grades, which are supplied to domestic power utilities, industrial customers and export markets. Exxaro also maintains activity in renewable energy through strategic partnerships, underlining a broader commitment to sustainable energy solutions alongside its core mining operations.
Founded in 2006 through the merger of Kumba Resources’ coal division and Eyesizwe Coal, Exxaro has grown to become one of South Africa’s largest coal producers.