Vale S.A. (VALE) has seen some recent action in the market and its shares closed trading at $8.52 yesterday. Investors are starting to take notice of VALE as the shares traded as high as $8.56 and as low as $8.15 in the prior trading session.
Vale S.A. (VALE) average trading volume is 33.55M. However, in the prior trading session Vale S.A. (VALE) exchanged 27,286,293 shares. The first downside support level on VALE is $8.01 and the first upside resistance level on VALE is $13.45. VALE 50day moving average is $8.06 and VALE 200-day moving average is $10.82.
Vale S.A. (VALE) current performance has been shown by the recent movement in VALE shares. VALE has performed 0.95% over the past 30 days, VALE has performed -29.24% over the past 90 days and VALE has shown -28.61% over the past 12 months. Vale S.A. (VALE) has a 1 year range of $6.49 to $14.19. Vale S.A. (VALE) is trading 31.28% from its 1 year low and -38.37% from its 1 year high. Vale S.A. (VALE) is showing a 0.64% short float showing the quantity short in the float.
VALE has 4.90B shares outstanding and 3.99B shares in the float. Vale S.A. (VALE) presently has a market cap of $41.74B and income of $126.00M. The EPS next quarter for VALE is 0.22 and anticipated EPS net year is 16.34%. The market cap of Vale S.A. (VALE) at $41.74B signifies how many Investors own shares of VALE and is calculated off the last price ($8.52) of VALE and the quantity of shares outstanding (4.90B) with Vale S.A. (VALE).
VALE is trading 5.07% above (bullish) its SMA20, 2.55% above (bullish) its SMA50 and -21.78% below (bearish) its SMA200.
In recent news, on May 8, 2020, it was announced, Two Northern Ontario Organizations Amongst Winners of COVID-19 Challenge. In this news it stated, On April 3, the Vale COVID-19 challenge was launched in Canada to help propel innovative COVID-19 solutions developed by companies, startups, institutions, universities or professionals into the marketplace by offering financial support of up to USD $1M.
About Vale S.A. (VALE):
Brazil-based Vale S. A. is one of the world’s largest mining companies with a market capitalization of $39.