Alumina Limited (AWC) Posts Large Volume Increase, Hits $9.63

Shares of Alumina Limited (AWC) saw unusually high trading volume on Monday. Approximately 310,515 shares changed hands during mid-day trading, an increase of 41.92% from the previous session. The stock last traded at $9.63.

On a related note, analysts at JPMorgan Chase & Co. (NYSE: JPM) downgraded shares of Alumina Limited from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, February 10th. Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Alumina Limited in a research note to investors on Monday, January 3rd.

Alumina Limited is an Australia-based company. The Company is engaged in investing in bauxite mining, alumina refining and selected aluminum smelting operations through its 40% ownership of Alcoa World Alumina and Chemicals (AWAC). Its partner, Alcoa, owns the remaining 60% of AWAC, and is the manager. The Company’s other subsidiaries include Alumina Finance Limited, Alumina Holdings (USA) Inc., Alumina International Holdings Pty. Ltd., Alumina Brazil Holdings Pty Ltd, Alumina (U.S.A.) Inc., Butia Participacoes SA, Westminer Acquisition (U.K.) Limited, Westminer International (U.K.) Limited and Westminer (Investments) B.V. AWAC conducts bauxite mining operations in Australia, Brazil, Suriname, Jamaica and has an interest in a mine in Guinea.

Shares of Alumina Limited (AWC) traded down 3.51% during mid-day trading on Monday, hitting $9.62. Alumina Limited has a 52 week low of $4.76 and a 52 week high of $10.49. The stock’s 50-day moving average is $9.86 and its 200-day moving average is $8.47. The company has a market cap of $5.868 billion and a price-to-earnings ratio of 178.04.