Fortescue Ltd (OTCMKTS:FSUMF – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.27 and traded as low as $14.75. Fortescue shares last traded at $14.75, with a volume of 700 shares.
Fortescue Stock Up 2.6 %
The company’s fifty day simple moving average is $16.33 and its 200 day simple moving average is $17.27.
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.
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