Applied Minerals (OTCMKTS:AMNL) Stock Continues to Consolidate After The Recent Fall

Shares of Applied Minerals (OTCMKTS:AMNL) ended marginally higher on Monday after the recent slump.

Market Reaction

On Monday, AMNL stock gained 6.90% to $0.0155 with 211K shares, compared to its average volume of 998K shares. The stock has moved within a range of $0.0130 – 0.0169 after opening trade at $0.0169.

Applied Minerals, Inc. to Hold 2021 Annual Meeting of Shareholders

Producer of advanced natural iron oxides and halloysite clay from wholly-owned Dragon Mine property in Utah, Applied Minerals (OTCMKTS:AMNL) will be holding the 2021 Annual Meeting of Shareholders on December 30, 2021.

The meeting will be done virtually, during which the firm would be providing a summary presentation of its business activities since its Annual General Meeting.

Applied Minerals markets halloysite clay products into application areas like paints, coatings as well building materials. Furthermore, it markets ceramics environmental remediation, agricultural applications as well as high-performance additives for plastic composites.

Furthermore, the company markets its halloysite products under the DRAGONITE trade name. Applied Minerals mines as well as processes iron oxide for utilizing in cement and a number of technical applications.

Applied Minerals is a producer of halloysite clay and advanced natural iron oxides from its wholly-owned Dragon Mine property in Utah. Halloysite is aluminosilicate clay that forms naturally occurring nanotubes. The Company markets its halloysite clay products into application areas such as carriers of active ingredients in paints, coatings, and building materials, environmental remediation, ceramics, agricultural applications, and high-performance additives and fillers for plastic composites. Applied Minerals markets its halloysite products under the DRAGONITE™ trade name.

Traders Review

AMNL stock is trading below the 20-Day and 50-Day Moving averages of $0.0158 and $0.0182 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0245. The stock is down 14% over the past month.

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