All part of the normal trading pattern in FMG, imo. Consider that in Mid March - only a few months ago - the stock hit a low of $18.87 and in Mid November a low of $16.52, but in early January it hit a high of $26.14 and a high of $26.58 at the end of July.
20% plus swings are normal on this trading counter and this dip should be seen in the light of this historical pattern. A look at the chart shows that the trend remains firmly upwards, no matter what fluctuations occur from time to time.
Iron ore price, page-34992
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Last
$21.94 |
Change
0.345(1.60%) |
Mkt cap ! $67.93B | |||
| Open | High | Low | Value | Volume |
| $21.93 | $22.09 | $21.58 | $100.7M | 4.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1626 | $21.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.94 | 3202 | 17 |
View Market Depth
| Last trade - 14.38pm 11/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |