Fortescue Ltd (OTCMKTS:FSUGY – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $19.75 and last traded at $20.38, with a volume of 131297 shares traded. The stock had previously closed at $20.01.
Fortescue Price Performance
The company has a debt-to-equity ratio of 0.27, a current ratio of 2.67 and a quick ratio of 2.10. The company’s 50 day moving average is $23.18 and its 200-day moving average is $24.21.
Fortescue Cuts Dividend
The company also recently announced a dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 3rd will be issued a $0.6199 dividend. The ex-dividend date is Monday, March 3rd.
About Fortescue
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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