Grange Resources Ltd traded at 0.25 this Tuesday February 3rd, decreasing 0.01 or 1.96 percent since the previous trading session. Looking back, over the last four weeks, Grange Resources lost 10.71 percent. Over the last 12 months, its price rose by 16.28 percent. Looking ahead, we forecast Grange Resources Ltd to be priced at 0.25 by the end of this quarter and at 0.24 in one year, according to Trading Economics global macro models projections and analysts expectations.
Grange Resources Limited is an Australia-based company that owns and operates an integrated iron ore mining and pellet production business located in the northwest region of Tasmania. The Company’s principal activities consist of the mining, processing and sale of iron ore, and the ongoing exploration, evaluation and development of mineral resources. Its projects include Savage River, Port Latta and Southdown. The Savage River magnetite iron ore mine, approximately 100 kilometers (km) southwest of the city of Burnie. The Port Latta project is located approximately 70 km northwest of Burnie, and its 100%-owned pellet plant and port facility at Port Latta produces over 2.5 million tons of iron ore products annually. The Southdown Magnetite Project is located over 90 km east-northeast of Albany, and 10 km south-west of Wellstead in the Great Southern region of Western Australia. It contains over 1.2 billion tons of mineral resources, including 388 million tons (Mt) of ore reserves.