Fortescue Metal (FMG): Winner

Submitted by Marco on 18 March, 2007 - 00:36

Fortescue Metal FMG Stock Chart

Fortescue Metal (FMG) is the best performing company on the ASX200 index this week (Winner of the week of week 10 of 2007). This mining company closed the week at $20.20, $2.55 higher or 14.45 percent. The All Ordinaries closed the week at 5817.8 while the ASX200 index closed at 5836.3.

Fortescue Metal Limited is listed on the Australian Stock Exchange (ASX) under stock code FMG. You can view their investor website here. FMG was listed on the ASX on 19 March, 1987. The company's primary objective is to discover and develop iron ore deposits in the Pilbara region of Western Australia. Fortescue will establish large scale mining operations in conjunction with an open access port and rail network crucial for the delivery of iron ore to the markets of the world. Herb Elliott is the Chairman and Andrew Forest is the CEO for Fortescue Metal. Browse for Australian stockbroker recommendations. Check your charts and good luck with your share trading!

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!