Fortescue Ltd (OTCMKTS:FSUGY – Get Free Report) dropped 1.9% during trading on Wednesday . The stock traded as low as $24.27 and last traded at $24.50. Approximately 79,092 shares traded hands during trading, a decline of 26% from the average daily volume of 107,493 shares. The stock had previously closed at $24.98.
Fortescue Trading Down 1.9 %
The business has a fifty day moving average of $23.51 and a two-hundred day moving average of $24.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.67.
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 provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia.
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