That is correct.
Intra day high was close to $36.00 however.
Rather than look at share price or market cap, another valuation is to look at market cap per tonne of resource in the ground.
On this measure, FMG is now very close to RIO, which in my opinion means is it definately over-valued on fundamentals, as there is much more risk in FMG than RIO.
Food for thought????
sp almost that of bhp joking , page-17
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Last
$21.71 |
Change
-0.190(0.87%) |
Mkt cap ! $66.84B | |||
| Open | High | Low | Value | Volume |
| $21.77 | $21.80 | $21.34 | $408.6M | 18.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 289875 | $21.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.72 | 95078 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |