Nordic Iron Ore AB (publ) (NIO.ST)
Nordic Iron Ore AB (publ) operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Ludvika, AB, SE. The stock last traded at $3.59, up 12.89% on the session, giving a market capitalisation of $243.8M. Its beta of 0.52 implies it has historically moved less than the broad market.
Nordic Iron Ore AB (publ) primarily focuses on the exploration, development, and extraction of iron ore within Sweden's Västerbergslagen region. Its product portfolio includes various iron ore forms such as fines, sinter, pellets, and lump ore. Beyond iron ore, the company also actively explores for deposits of apatite, lanthanum, gold, and copper. The firm possesses crucial mining and exploration rights in the Ludvika area, including exploitation concessions for Blötbergsgruvan K No. 1 and K No. 2, Håksbergsgruvan K No. 1, and Southern Väsman field K No. 1. It also holds exploration permits for Ludvikafältet No. 1 and Blötberget No. 4. Established in 2008, Nordic Iron Ore is headquartered in Danderyd, Sweden.
Nordic Iron Ore AB (publ) is most often compared with the following Basic Materials names: