Iron ore was up 1% today and back in the $120 realm with some deals being done at over $120. This puts $125 into play with more talk of further China stimulus being announced driving the Shanghai market higher over the last couple of days.
The share price got knocked around by profit taking today, I guess that's understandable with iron ore up 5 days running.
Looks like all those analysts who reworked their profit scenarios based on lower iron ore profits for FMG will need to go back to the drawing board...it was certainly a great buying opportunity for those that picked up some shares under $5.00...$6.50 here we come!
iron ore up $1.20 today to $119.40!
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Last
$22.62 |
Change
0.700(3.19%) |
Mkt cap ! $69.64B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.75 | $22.26 | $131.3M | 5.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120 | $22.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.63 | 6416 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |