Fortescue Metals Group (ASX:FMG) Stock Passes Above 200 Day Moving Average of $8.34

Fortescue Metals Group Limited (ASX:FMG) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.34 and traded as high as $8.92. Fortescue Metals Group shares last traded at $8.86, with a volume of 19,778,840 shares traded.

The company has a market cap of $27.28 billion and a PE ratio of 8.61. The company has a debt-to-equity ratio of 37.28, a current ratio of 1.37 and a quick ratio of 1.06. The company has a 50-day moving average of A$8.84 and a 200 day moving average of A$8.34.

Fortescue Metals Group Company Profile (ASX:FMG)

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. 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 and Kings Valley mines located in the Hamersley ranges of Pilbara, Western Australia.

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