Shares of Fortescue Ltd (OTCMKTS:FSUMF – Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.81 and traded as low as $11.00. Fortescue shares last traded at $11.50, with a volume of 65,480 shares traded.
Fortescue Stock Performance
The stock has a 50-day simple moving average of $12.24 and a 200 day simple moving average of $12.80.
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.
Featured Stories
- Five stocks we like better than Fortescue
- How to Invest in Small Cap Stocks
- 3 Legacy Tech Companies Reemerging as AI Leaders
- With Risk Tolerance, One Size Does Not Fit All
- Analysts’ Favorite Cybersecurity Stocks: 3 Top Picks
- How to Start Investing in Real Estate
- Analysts Are Bullish: 3 Tech Giants With Upgraded Price Targets
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.
