Based on the current price of FMG (3.97), the market has more than priced in the drop in iron-ore price.
In fact, FMG is way oversold, considering that:
1. BHP and RIO is only down around 0.8% today (as at 11:15AM).
2. AGO has gone up 1.24% (as at 11:15AM).
I think the current price 3.9x represents a good value.
Its ready to rebound on any positive news from the market!
Hopefully the shorters won't get burnt on any sudden news from the market.
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Last
$22.04 |
Change
-0.320(1.43%) |
Mkt cap ! $67.86B |
Open | High | Low | Value | Volume |
$22.32 | $22.41 | $21.98 | $158.0M | 7.125M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 39363 | $22.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.05 | 1722 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 24934 | 22.030 |
3 | 1821 | 22.020 |
3 | 2570 | 22.010 |
6 | 4005 | 22.000 |
4 | 4021 | 21.990 |
Price($) | Vol. | No. |
---|---|---|
22.050 | 1722 | 4 |
22.060 | 120 | 1 |
22.070 | 60 | 1 |
22.080 | 120 | 1 |
22.090 | 22999 | 3 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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FMG (ASX) Chart |