Fortescue Metals Group (OTCMKTS:FSUMF) Shares Pass Below 200 Day Moving Average of $13.52

Fortescue Metals Group Limited (OTCMKTS:FSUMFGet Rating)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.52 and traded as low as $11.20. Fortescue Metals Group shares last traded at $11.20, with a volume of 2,936 shares.

Fortescue Metals Group Stock Down 5.6 %

The stock’s fifty day moving average price is $12.52 and its 200 day moving average price is $13.50.

Fortescue Metals Group Company Profile

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Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. 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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