Australian iron ore mining hopeful Fortescue Metals Group (FMG) has announced itwants to split is shares at a ratio of 10 to one. Herb Elliott, FMG'schair, argued the measure would broaden the stockholders' register, as manysmall retail investors saw the shares as out of reach at their current value ofaround $A50. The company, which is preparing to commission its mine in thePilbara region of Western Australia, has grown rapidly and is now among thenation's 30 largest by market capitalization, as well as being included inthe S&P/ASX 100 index. On 8 November 2007, the stock closed $A0.0399 lowerat $A44.51
Australian iron ore mining hopeful Fortescue Metals Group (FMG)...
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Last
$22.00 |
Change
0.410(1.90%) |
Mkt cap ! $67.73B | |||
| Open | High | Low | Value | Volume |
| $21.93 | $22.09 | $21.58 | $138.1M | 6.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9247 | $21.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.00 | 3521 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |