Shares of Fortescue Ltd (OTCMKTS:FSUGY - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $21.02 and last traded at $21.10, with a volume of 177456 shares trading hands. The stock had previously closed at $21.90.
Fortescue Trading Down 2.4 %
The firm's 50-day simple moving average is $23.29 and its 200 day simple moving average is $24.26. 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 Cuts Dividend
The business also recently announced a dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 3rd will be issued a dividend of $0.6199 per share. The ex-dividend date of this dividend is Monday, March 3rd.
About Fortescue
(
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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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