Fortescue Ltd (OTCMKTS:FSUGY – Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $21.50 and last traded at $21.76, with a volume of 269589 shares traded. The stock had previously closed at $22.62.
Fortescue Stock Performance
The stock’s 50 day moving average price is $25.63 and its 200-day moving average price is $30.33.
Fortescue Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 9th will be issued a dividend of $1.1851 per share. The ex-dividend date is Monday, September 9th.
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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