Fortescue Ltd (OTCMKTS:FSUMF – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.40 and traded as low as $13.35. Fortescue shares last traded at $14.20, with a volume of 3,552 shares.
Fortescue Price Performance
The company’s 50-day moving average is $16.54 and its 200-day moving average is $17.40.
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
- Are Penny Stocks a Good Fit for Your Portfolio?
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- Stock Sentiment Analysis: How it Works
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- Consumer Discretionary Stocks Explained
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
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.