Iluka Resources (OTCMKTS:ILKAF) Shares Down 8.9% – Time to Sell?

Iluka Resources Limited (OTCMKTS:ILKAFGet Free Report) dropped 8.9% during trading on Monday . The company traded as low as $2.46 and last traded at $2.46. Approximately 1,000 shares changed hands during trading, a decline of 63% from the average daily volume of 2,707 shares. The stock had previously closed at $2.70.

Iluka Resources Trading Down 6.6 %

The company’s fifty day simple moving average is $2.83 and its two-hundred day simple moving average is $3.35.

About Iluka Resources

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Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally. It operates through Jacinth-Ambrosia/Mid-West, Cataby/South West, Rare Earths, and United States/Murray Basin segments.

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