Fortescue Metals Group (ASX:FMG) Reaches New 1-Year High at $10.19

Fortescue Metals Group Limited (ASX:FMG) reached a new 52-week high during mid-day trading on Sunday . The stock traded as high as A$10.19 ($7.23) and last traded at A$10.10 ($7.16), with a volume of 3086932 shares traded. The stock had previously closed at A$10.10 ($7.16).

The firm’s 50-day simple moving average is A$9.19 and its 200-day simple moving average is A$8.56. The company has a debt-to-equity ratio of 37.28, a quick ratio of 1.06 and a current ratio of 1.37. The company has a market capitalization of $31.08 billion and a price-to-earnings ratio of 9.81.

About Fortescue Metals Group (ASX:FMG)

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail and Kings Valley mines located in the Hamersley ranges of Pilbara, Western Australia.

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