Debt is rising.
Need to do some more research, I suspect their ore grades are the problem hence having to accept lower prices.
In the face of rising demand that is a huge worry.
If grades aren't good, they will be the first to get punished if a pullback or downturn occurs.
fortescue profit dives despite revenue rise, page-9
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$18.44 |
Change
-0.160(0.86%) |
Mkt cap ! $56.77B | |||
| Open | High | Low | Value | Volume |
| $18.38 | $18.54 | $18.33 | $196.7M | 10.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1832 | $18.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.45 | 1100 | 3 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |