Eramet (OTCMKTS:ERMAY) Trading Up 3.6% – Should You Buy?

Eramet S.A. (OTCMKTS:ERMAY) shot up 3.6% during mid-day trading on Thursday . The stock traded as high as $5.86 and last traded at $5.69. 1,572 shares changed hands during trading, a decline of 40% from the average session volume of 2,602 shares. The stock had previously closed at $5.49.

Eramet Trading Up 3.0 %

The business has a fifty day simple moving average of $5.56 and a two-hundred day simple moving average of $7.37.

About Eramet

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.