Glencore (LON:GLEN) Stock Passes Above 200 Day Moving Average of $435.55

Shares of Glencore plc (LON:GLEN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 435.55 ($5.42) and traded as high as GBX 475.06 ($5.91). Glencore shares last traded at GBX 475 ($5.91), with a volume of 13,900,033 shares trading hands.

Glencore Stock Down 0.1 %

The stock has a 50-day moving average of GBX 420.74 and a 200-day moving average of GBX 435.62. The company has a debt-to-equity ratio of 85.91, a current ratio of 1.29 and a quick ratio of 0.32. The firm has a market cap of £57.63 billion, a price-to-earnings ratio of 1,756.67, a P/E/G ratio of 0.43 and a beta of 1.32.

Glencore Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.07 per share. This represents a dividend yield of 1.32%. The ex-dividend date is Thursday, August 29th. Glencore’s dividend payout ratio (DPR) is currently 3,703.70%.

Glencore Company Profile

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.