FMG looks a tad over priced.
High iron ore prices, and the promise of a green business, combined with government stimulus, is driving an unrealistic share price IMHO.
You would have to be a fairly brave investor to put part of your life savings in at these levels. The 2008 peak is a historical indicator of what to expect.
If History is any guide.
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Last
$17.95 |
Change
0.220(1.24%) |
Mkt cap ! $55.26B | |||
| Open | High | Low | Value | Volume |
| $17.93 | $18.00 | $17.70 | $124.3M | 6.951M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 823 | $17.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.95 | 14618 | 1 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |