Fresnillo (OTCMKTS:FNLPF) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Fresnillo plc (OTCMKTS:FNLPFGet Free Report)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $8.73 and traded as low as $8.00. Fresnillo shares last traded at $8.00, with a volume of 1,689 shares traded.

Fresnillo Price Performance

The company’s 50-day moving average price is $8.73 and its two-hundred day moving average price is $7.92.

Fresnillo Company Profile

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Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.

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