Fortescue Ltd (OTCMKTS:FSUMF – Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.04 and traded as low as $9.70. Fortescue shares last traded at $10.25, with a volume of 350 shares trading hands.
Fortescue Price Performance
The firm’s 50 day moving average price is $11.44 and its 200-day moving average price is $12.04.
Fortescue Company Profile
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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