Fortescue Metals Group Limited (OTCMKTS:FSUMF – Get Rating) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.
Fortescue Metals Group Trading Up 4.0 %
The company has a 50 day moving average of $14.05 and a 200 day moving average of $14.25.
About Fortescue Metals Group
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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