Exxaro Resources (OTCMKTS:EXXAY) Share Price Passes Above 200 Day Moving Average – Time to Sell?
by Tristan Rich · The Markets DailyExxaro Resources Limited (OTCMKTS:EXXAY – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.10 and traded as high as $8.10. Exxaro Resources shares last traded at $8.10, with a volume of 1,200 shares traded.
Exxaro Resources Trading Up 6.0%
The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.27. The stock’s 50-day simple moving average is $8.10 and its two-hundred day simple moving average is $8.10.
Exxaro Resources Company Profile
Exxaro Resources Limited is a South African diversified resources company headquartered in Pretoria. It is one of the country’s leading coal producers, with operations spanning both thermal and metallurgical coal. Beyond coal, Exxaro’s portfolio includes heavy mineral sands, from which it extracts titanium dioxide feedstocks and zircon, and it is increasingly investing in renewable energy projects to complement its traditional mining activities.
The company’s mining operations are located primarily in Mpumalanga, Limpopo and the Northern Cape provinces, where it supplies coal to domestic power utilities and industrial customers.