Fortescue Metals Group Limited (OTCMKTS:FSUMF – Get Rating) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.25 and traded as low as $12.70. Fortescue Metals Group shares last traded at $12.84, with a volume of 7,459 shares trading hands.
Fortescue Metals Group Stock Up 4.0 %
The stock has a fifty day moving average of $14.05 and a 200-day moving average of $14.25.
Fortescue Metals Group Company Profile
Fortescue Metals Group Ltd. engages in the development of iron ore deposits. It operates through the following segments: Iron Ore, Fortescue Future Industries (FFI), and Corporate. The Iron Ore segments comprises of the exploration, development, production, processing, sale and transportation of iron ore, and the exploration for other minerals.
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