Elizabeth Gaines Sells 41,840 Shares of Fortescue Ltd (ASX:FMG) Stock

Posted by on Sep 11th, 2024

Fortescue Ltd (ASX:FMG – Get Free Report) insider Elizabeth Gaines sold 41,840 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of A$17.94 ($11.96), for a total value of A$750,442.24 ($500,294.83).

Fortescue Price Performance

The company has a debt-to-equity ratio of 27.65, a current ratio of 2.67 and a quick ratio of 2.36.

About Fortescue

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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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