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Grange Resources Limited (ASX:GRR)‘s stock had its “overweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a report released on Monday.

Grange Resources Limited (ASX:GRR) remained flat at A$0.165 during during mid-day trading trading on Monday. 1,943,013 shares of the company’s stock traded hands. Grange Resources Limited has a 52-week low of A$0.145 and a 52-week high of A$0.305. The stock has a 50-day moving average of A$0.16 and a 200-day moving average of A$0.21. The company has a market cap of A$190.9 million and a price-to-earnings ratio of 7.50.

Grange Resources Limited (ASX:GRR) is engaged in the mining, processing and sale of iron ore, and the exploration, evaluation and development of mineral resources, particularly the Southdown Magnetite project, and associated Pellet Plant Projects.

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