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Fortescue Metals Group Ltd ( (AU:FMG) ) has issued an update.
Fortescue Metals Group Ltd announced the issuance of unquoted equity securities as part of an employee incentive scheme. This move involves the allocation of performance rights and vested rights, which are not intended to be quoted on the ASX, reflecting the company’s ongoing efforts to incentivize and retain its workforce.
More about Fortescue Metals Group Ltd
Fortescue Metals Group Ltd is a leading company in the mining industry, primarily focused on the production and export of iron ore. It is known for its significant operations in the Pilbara region of Western Australia and plays a crucial role in the global iron ore market.
YTD Price Performance: -11.56%
Average Trading Volume: 4,878
Technical Sentiment Signal: Strong Buy
Current Market Cap: $29.16B
Learn more about FMG stock on TipRanks’ Stock Analysis page.