Fortescue soars amid China talk
June 11, 2009 - 11:23AM
Fortescue Metals shares jumped almost 20 per cent in early trade amid market talk that Australia's third-largest iron ore producer could be the focus of Chinese bid interest.
Fortescue shares climbed as much as 18.9 per cent to an eight-month high of $4.27 a share.
The stock has soared 52 per cent since Friday, when global miner Rio Tinto scrapped its planned $US19.5 billion tie-up with China's Chinalco, fuelling speculation that China would now look elsewhere to secure iron ore reserves.
Reuters
Fortescue soars amid China talkJune 11, 2009 - 11:23AM Fortescue...
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$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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