Fortescue Ltd (OTCMKTS:FSUMF – Get Free Report)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.33 and traded as high as $15.35. Fortescue shares last traded at $15.35, with a volume of 554 shares trading hands.
Fortescue Trading Up 1.0%
The business has a 50-day simple moving average of $14.33 and a 200-day simple moving average of $12.86.
About Fortescue
Fortescue Metals Group Ltd. (OTCMKTS: FSUMF) is an Australian-based mining company primarily engaged in the exploration, extraction and export of iron ore. Founded in 2003 by Chairman Andrew “Twiggy” Forrest, Fortescue has grown into one of the world’s largest iron ore producers, operating large-scale open-pit mines in the Pilbara region of Western Australia. The company’s operations encompass the full mining value chain—from pit to port—including rail logistics and port infrastructure.
In addition to its core iron ore business, Fortescue has diversified into renewable energy and green hydrogen through its subsidiary Fortescue Future Industries (FFI).
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