IronRidge Resources (LON:IRR) Stock Price Up 9.3% – Here’s Why

IronRidge Resources Limited (LON:IRR)’s share price shot up 9.3% during trading on Thursday . The company traded as high as GBX 24.40 ($0.32) and last traded at GBX 23.50 ($0.31). 2,577,673 shares traded hands during mid-day trading, an increase of 46% from the average session volume of 1,769,440 shares. The stock had previously closed at GBX 21.50 ($0.28).

IronRidge Resources Stock Up 9.3 %

The business has a 50 day simple moving average of GBX 23.50 and a 200 day simple moving average of GBX 23.50. The company has a market capitalization of £134.83 million and a PE ratio of -39.17.

IronRidge Resources Company Profile

IronRidge Resources Limited explores for and develops mineral properties in Africa and Australia. It explores for lithium, bauxite, titania, and iron ore. The company's flagship project is Zaranou gold project, which includes 3,982 square kilometers of gold deposits and 774 square kilometers of lithium deposits located in Côte d'Ivoire, West Africa.