Fortescue (OTCMKTS:FSUGY) Hits New 1-Year Low at $21.50

Market Beat
2024.09.09 22:07
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Fortescue Ltd (OTCMKTS:FSUGY) shares hit a new 52-week low at $0.50, closing at $0.76 with a trading volume of 269,589 shares. The stock fell 3.8% and has a 50-day moving average of $0.09. The company also announced a dividend of $0.1851 per share payable on October 4th to shareholders recorded on September 9th. Despite a "Buy" rating, analysts suggest better investment options than Fortescue.

Fortescue Ltd (OTCMKTS:FSUGY - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $21.50 and last traded at $21.76, with a volume of 269589 shares changing hands. The stock had previously closed at $22.62.

Fortescue Trading Down 3.8 %

The business has a fifty day moving average of $26.09 and a 200 day moving average of $30.60.

Fortescue Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 4th. Investors 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

(Get Free Report)

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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