Cliffs Natural Resources Inc (CLF) Plunges 5.59% on March 19

Equities Staff  |

Cliffs Natural Resources Inc (CLF) had a rough trading day for Monday March 19 as shares tumbled 5.59%, or a loss of $-0.42 per share, to close at $7.09. After opening the day at $7.32, shares of Cliffs Natural Resources Inc traded as high as $7.40 and as low as $6.96. Volume was 13.25 million shares over 36,153 trades, against an average daily volume of 13.02 million shares and a total float of 297.41 million.

As a result of the decline, Cliffs Natural Resources Inc now has a market cap of $2.11 billion.

The stock has a P/E Ratio of 6.1.

In the last year, shares of Cliffs Natural Resources Inc have traded between a range of $9.35 and $5.56, and its 50-day SMA is currently $7.60 and 200-day SMA is $7.10.

For a complete fundamental analysis of Cliffs Natural Resources Inc, check out Equities.com’s Stock Valuation Analysis report for CLF.

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Cleveland-Cliffs Inc, formerly Cliffs Natural Resources Inc is an iron ore producer. The company operates mining properties in North America, United States, Canada and Australia. It also owns a large chromite project in Canada.

Cliffs Natural Resources Inc is based out of Cleveland, OH and has some 2,938 employees. Its CEO is C. Lourenco Goncalves.

Cliffs Natural Resources Inc is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Cliffs Natural Resources Inc and to follow the company’s latest updates, you can visit the company’s profile page here: CLF’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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