IGO (OTCMKTS:IPGDF) Trading Up 7.1% – Time to Buy?

Shares of IGO Limited (OTCMKTS:IPGDF) rose 7.1% on Monday . The stock traded as high as $5.26 and last traded at $5.26. Approximately 270 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,807 shares. The stock had previously closed at $4.91.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IPGDF shares. Royal Bank Of Canada lowered shares of IGO to a “sector perform” rating in a report on Wednesday, December 10th. UBS Group raised IGO to a “neutral” rating in a research report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, IGO presently has a consensus rating of “Reduce”.

IGO Trading Up 7.1%

The stock’s 50 day simple moving average is $4.12 and its 200 day simple moving average is $3.51.

IGO Company Profile

IGO Limited, trading as IPGDF on the OTC Markets, is an Australian-based diversified mining and metals company with a strategic focus on battery-cycle commodities and precious metals. Originally founded as Independence Group NL in 1997, the company rebranded to IGO Limited in 2018 to reflect its evolving portfolio. IGO’s operations span the extraction, processing and marketing of key industrial minerals and metals that underpin the global energy transition.

The company’s core asset portfolio includes the Nova nickel–copper–cobalt operation in Western Australia, which produces mixed sulphide concentrate; a 50% interest in the Tropicana gold joint venture; and the Kwinana Nickel Refinery, which refines concentrate into battery-grade nickel products.