OZ Minerals (ASX:OZL) Shares Cross Below Fifty Day Moving Average of $9.69

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OZ Minerals Limited (ASX:OZL)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.69 and traded as low as $9.82. OZ Minerals shares last traded at $9.97, with a volume of 1,745,985 shares changing hands.

The stock’s fifty day moving average price is A$9.71. The firm has a market capitalization of $3.23 billion and a price-to-earnings ratio of 13.94.

In other news, insider Rebecca McGrath bought 4,900 shares of OZ Minerals stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average cost of A$9.21 ($6.53) per share, with a total value of A$45,129.00 ($32,006.38). Also, insider Tonianne Dwyer 10,000 shares of the stock in a transaction on Wednesday, May 29th.

OZ Minerals Company Profile (ASX:OZL)

OZ Minerals Limited engages in the exploration, development, mining, and processing of mining projects in Australia. The company primarily explores for copper, gold, silver, nickel, iron oxide, zinc, and lead deposits. It owns and operates the Prominent Hill mine located in northern South Australia; the Carrapateena project located in South Australia; and the Antas mine located in the state of Pará in the northern region of Brazil.

Further Reading: Closed-End Mutual Funds (CEFs)

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