I think I’ve noticed that FMG is affected more by the broader market (S&P200) than by the Iron Ore price.
IO does affect FMG SP somewhat, but wider sentiment seems to affect the price more.
FMG could reach new lows. However buyers seem to come in strongly when the price falls below $14 which will IMHO mitigate that.
I will admit, I could be wrong, so dyor…
Iron ore price, page-40154
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |