Shares of Fortescue Ltd (OTCMKTS:FSUMF – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.99 and traded as low as $9.86. Fortescue shares last traded at $10.10, with a volume of 1,900 shares trading hands.
Fortescue Trading Down 4.8 %
The company has a fifty day moving average price of $11.10 and a 200 day moving average price of $11.95.
About Fortescue
Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.
See Also
- Five stocks we like better than Fortescue
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Archer Aviation’s Africa Deal Could Boost ACHR Stock
- Stock Analyst Ratings and Canadian Analyst Ratings
- Are Short Sellers Wrong About These 3 Semiconductor Stocks?
- The Risks of Owning Bonds
- Boeing Gets $50B in March Orders—Is BA Stock a Buy Now?
Receive News & Ratings for Fortescue Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortescue and related companies with MarketBeat.com's FREE daily email newsletter.
