Glencore Share Price Passes Below 200 Day Moving Average Of $5.91

Glencore plc (OTCMKTS:GLCNF – Get Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.91 and traded as low as $5.77. Glencore shares last traded at $5.95, with a volume of 29,385 shares.
GLCNF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $580.00 target price on shares of Glencore in a research note on Thursday, May 26th. Barclays reissued a “buy” rating and issued a $680.00 price objective on shares of Glencore in a research note on Thursday, March 24th.
The firm’s 50 day moving average is $6.28 and its two-hundred day moving average is $5.91.
Glencore Company Profile (OTCMKTS:GLCNF)
Glencore plc produces, refines, processes, stores, transports, and markets 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 produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.