United States Lime & Minerals Inc. (USLM) Moves Lower on Volume Spike for October 31

Equities Staff  |

United States Lime & Minerals Inc. (USLM) traded on unusually high volume on Oct. 31, as the stock lost 1.37% to close at $75.01. On the day, United States Lime & Minerals Inc. saw 15,460 shares trade hands on 179 trades. Considering that the stock averages only a daily volume of 4,622 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $91.78 and $70.56 over the last 52-weeks, its 50-day SMA is now $77.20, and its 200-day SMA $77.01. United States Lime & Minerals Inc. has a P/B ratio of 1.95. It also has a P/E ratio of 15.

United States Lime & Minerals Inc engages in the business of manufacturing lime and lime products with interests in natural gas. The company operates its business in two segments; Lime and Limestone Operations, and Natural Gas.

Headquartered in Dallas, TX, United States Lime & Minerals Inc. has 318 employees and is currently under the leadership of CEO Timothy W. Byrne.

For a complete fundamental analysis analysis of United States Lime & Minerals Inc., check out Equities.com’s Stock Valuation Analysis report for USLM.

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To get more information on United States Lime & Minerals Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: USLM’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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