This is the major reason I fear taking a position as an investment. If it is for a swing trade then this stock has liquidity and opportunities.
I suspect a lot here are holding by looking left and see the rise form 1 buck during GFC to over 7$. It certainly possible IF China whips their mother of all Stimulus No.2 but I suspect they are contented with the current state of the economy.
If FMg did not carry so much debt, I would have taken up an investment position just as I would BHP or RIO. The same apply to STO and the destruction of the valuation is tied in with debt sustainability.
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Last
$17.26 |
Change
0.250(1.47%) |
Mkt cap ! $53.14B |
Open | High | Low | Value | Volume |
$17.22 | $17.37 | $17.10 | $105.8M | 6.139M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $17.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.27 | 19878 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 17.230 |
3 | 880 | 17.220 |
1 | 100 | 17.210 |
7 | 1222 | 17.200 |
5 | 2519 | 17.190 |
Price($) | Vol. | No. |
---|---|---|
17.270 | 19878 | 3 |
17.280 | 10286 | 3 |
17.290 | 7000 | 3 |
17.300 | 79885 | 21 |
17.310 | 6557 | 3 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |
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MD - Shanthar Pathmanathan, Geologist - David Trabert
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