African Rainbow Minerals Limited (OTCMKTS:AFBOF – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 198 shares, a growth of 102.0% from the April 30th total of 98 shares. Based on an average trading volume of 19 shares, the days-to-cover ratio is currently 10.4 days.
African Rainbow Minerals Price Performance
Shares of AFBOF opened at $14.50 on Monday. The company’s fifty day moving average is $14.71 and its two-hundred day moving average is $12.98. African Rainbow Minerals has a 1 year low of $9.47 and a 1 year high of $15.00.
About African Rainbow Minerals
African Rainbow Minerals (OTCMKTS:AFBOF) is a South Africa–based diversified mining and beneficiation company with a portfolio spanning ferrous metals, base metals and precious metals. The company’s principal operations include the exploration, extraction, processing and marketing of iron ore, manganese, chrome, platinum group metals and gold. Through a combination of wholly owned operations and strategic joint ventures, African Rainbow Minerals participates in every stage of the mining value chain, from resource evaluation and mine development to downstream smelting and refining.
The company holds majority interests in several prominent mining assets in South Africa, including iron ore and manganese operations in the Northern Cape and chrome and platinum group metals projects in the Bushveld Complex.
Featured Stories
- Five stocks we like better than African Rainbow Minerals
- These 3 CLO ETFs Target a Niche Corner of the Fixed-Income Market
- 3 Ways to Play the Data Center Land Grab
- The Smarter Way to Invest in AI Without Taking Extreme Risk
- 3 Dividend Kings That Earn Their Crown Every Quarter
Receive News & Ratings for African Rainbow Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for African Rainbow Minerals and related companies with MarketBeat.com's FREE daily email newsletter.
