Arrium Receives “Sell” Rating from Deutsche Bank (ARI)
Shares of Arrium (ASX:ARI) traded down 2.60% on Thursday, hitting A$0.750. 12,723,057 shares of the company’s stock traded hands. Arrium has a 52 week low of A$0.730 and a 52 week high of A$1.875. The stock has a 50-day moving average of A$0.80 and a 200-day moving average of A$1.17. The company’s market cap is A$1.017 billion.
Arrium Limited is an international mining and materials company. The Company’s principal activities are mining and supply of iron ore and other steelmaking raw materials to steel mills internationally and in Australia; the manufacture and supply of mining consumables products globally; the manufacture and distribution of steel long products and recycling of ferrous and non-ferrous scrap metal.
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