Sumitomo Metal Mining (OTCMKTS:SMMYY) Shares Gap Up – Still a Buy?

Shares of Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY – Get Free Report) gapped up before the market opened on Tuesday. The stock had previously closed at $12.87, but opened at $13.73. Sumitomo Metal Mining shares last traded at $13.41, with a volume of 79,952 shares trading hands.

Sumitomo Metal Mining Price Performance

The business has a 50 day moving average price of $15.44 and a 200 day moving average price of $14.58.

About Sumitomo Metal Mining

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Sumitomo Metal Mining Co, Ltd. is a Japanese natural resources and materials company with roots tracing back to copper operations associated with the Besshi Mine in Shikoku, which began in the late seventeenth century. The company was incorporated in its present form in 1950 and has developed into an integrated mining, smelting, refining and advanced materials business.

Its mineral resources activities include the exploration, development and operation of nonferrous metal assets, particularly copper, nickel and gold.

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