Penelope (Penny) Bingham-Hall Purchases 3,364 Shares of Fortescue Ltd (ASX:FMG) Stock

Fortescue Ltd (ASX:FMG) insider Penelope (Penny) Bingham-Hall purchased 3,364 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were acquired at an average cost of A$16.50 ($11.38) per share, with a total value of A$55,499.27 ($38,275.36).

Fortescue Stock Performance

The company has a debt-to-equity ratio of 27.65, a quick ratio of 2.36 and a current ratio of 2.67.

About Fortescue

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia.