Glencore (OTCMKTS:GLCNF) Stock Passes Below 200 Day Moving Average of $3.69

Glencore PLC (OTCMKTS:GLCNF) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.69 and traded as low as $2.82. Glencore shares last traded at $2.82, with a volume of 29,717 shares trading hands.

Several equities analysts have recently weighed in on the stock. Macquarie reissued a “neutral” rating on shares of Glencore in a research report on Tuesday, July 9th. Societe Generale reissued a “hold” rating on shares of Glencore in a research report on Tuesday, July 9th. Finally, BNP Paribas reissued a “neutral” rating on shares of Glencore in a research report on Friday, April 26th.

The company’s 50 day moving average is $3.22 and its 200 day moving average is $3.69.

Glencore Company Profile (OTCMKTS:GLCNF)

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

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