Recently bought into some FMG - I like the long term potential of this one. The Company has an excellent marketing strategy, huge footprint and massive room for expansion within the next decade. Short term worries about the debt, demand for the ore seem to be outweighed by an exclusive focus on China, the grade of their ore and strong results recently.
The stock always seems to attract huge liquidity and I think recent gains are a result of people realising what a cheap long term hold this might be
long term
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Last
$19.17 |
Change
-0.020(0.10%) |
Mkt cap ! $59.02B | |||
| Open | High | Low | Value | Volume |
| $19.22 | $19.41 | $19.13 | $134.6M | 6.997M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 52 | $19.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.20 | 1239 | 2 |
View Market Depth
| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |