Eramet (OTCMKTS:ERMAY) Trading Up 3.2% – What’s Next?

Eramet S.A. (OTCMKTS:ERMAY) shares shot up 3.2% on Wednesday . The company traded as high as $5.86 and last traded at $5.86. 453 shares were traded during mid-day trading, a decline of 71% from the average session volume of 1,559 shares. The stock had previously closed at $5.68.

Wall Street Analyst Weigh In

Separately, Oddo Bhf downgraded shares of Eramet to an “underperform” rating in a research note on Monday, April 28th.

Eramet Stock Up 3.2%

The business’s fifty day moving average is $5.60 and its 200-day moving average is $5.64.

Eramet Company Profile

ERAMET SA operates as a mining and metallurgical company in France, Asia, Europe, North America, and internationally. The company extracts and processes manganese ore and nickel ore; and extracts and develops mineral sands. It also produces ferronickel, nickel pig iron, briquettes, nickel salts, high purity nickel, nickel ferroalloys, and alloy steel and casting; manganese alloys, such as high-carbon ferromanganese, silicomanganese, low and medium-carbon ferromanganese, and low-carbon silicomanganese for use in batteries, pigments, construction, and automotive industries; and mineral sands, such as titanium dioxide, high-purity pig iron, zircon, and ilmenite used in ceramics and pigments.