Shares of Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $30.75 and last traded at $30.75, with a volume of 5834 shares changing hands. The stock had previously closed at $30.33.
Fortescue Stock Up 1.3%
The business has a 50 day simple moving average of $28.26 and a 200-day simple moving average of $25.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.43 and a quick ratio of 1.84.
About Fortescue
Fortescue (OTCMKTS:FSUGY) is the U.S. over‑the‑counter ticker for Fortescue Metals Group, an Australian company principally engaged in the exploration, mining, processing and sale of iron ore. Since its founding in 2003, the company has developed large‑scale open‑pit operations in the Pilbara region of Western Australia and built integrated infrastructure — including rail and port facilities — to move bulk shipments of iron ore to international steelmakers.
Fortescue’s core products are iron ore lump and fines, which it markets to customers around the world, with strong trade links to Asian steel producers.
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