I wouldn't be discouraged by FMG's ADR pricing... I tend to find it is good at capturing the correlation between IO securities and projecting that to FMG's price, but it doesn't do a good job at capturing non-official news... such as the institutional sell down a few weeks ago (which we were talking about on here at midnight but FMG's ADR simply didn't pick it up).
Yesterday's news about reduced FFI spending could easily add a few dollars to the share price depending on how the market also weights FMG been "less green" and the poor decision making that led to existing expenditure.
Iron ore price, page-53035
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |