If the IO price keeps heading south, so unfortunately will FMG along with the others.
What's clear is that FMG gets hit the hardest in the downturn.
What's more because later investors have been caught out by the sudden demise of their investment over a very short period, building market cap from here is going to be very difficult.
Investors are looking for stability, and not wild fluctuations in a stock buckled tight to a volitile commodity.
It's sad to say, but there appears to be no smoothe sailing ahead for FMG.
What to do with a falling knife.. You can't catch it?
Iron ore price, page-755
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 (20min delay)
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Last
$25.73 |
Change
0.160(0.63%) |
Mkt cap ! $79.40B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $42.18M | 1.643M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2503 | $25.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.74 | 371 | 9 |
View Market Depth
| Last trade - 14.38pm 03/05/2024 (20 minute delay) ? |
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Last
$25.77 |
Change
0.160 ( 0.73 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 545664 | ||
| Last updated 14.57pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |