Fortescue Ltd (OTCMKTS:FSUGY – Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $19.75 and last traded at $20.38, with a volume of 131297 shares changing hands. The stock had previously closed at $20.01.
Fortescue Stock Up 1.9 %
The company has a quick ratio of 2.10, a current ratio of 2.67 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $23.06 and a 200 day moving average price of $24.16.
Fortescue Cuts Dividend
The firm also recently announced a dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.6199 per share. 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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