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FRM

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    0.3277$
  • Previous Close
    0.3273$
  • 52 Week Change
    0.28$
  • Day Range
    0.00$
  • 52 Week High/Low
    0.1$ - 0.375$
  • Dividend Per Share
    --
  • Market cap
    75 007 K$
  • EPS
    -0.11
  • Beta
    1.417
  • Volume
    --

About

FRM.AU is the stock ticker symbol for Resimac Group Ltd on the Australian Securities Exchange (ASX). Resimac Group Ltd is a non-bank lender and asset manager specializing in residential mortgages in Australia and New Zealand. The company provides a range of loan products and manages mortgage portfolios for institutional investors.
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Factors

Iron Ore Prices: FRM.AU's earnings are heavily tied to iron ore prices. Higher prices generally boost profitability and share value.

Production Volumes: The amount of iron ore Fortescue Metals Group extracts and sells significantly impacts revenue and therefore, stock price.

Global Demand: Demand for steel, particularly from China, influences iron ore demand, directly affecting Fortescue's prospects and share price.

Australian Dollar: A stronger AUD relative to the USD can negatively impact Fortescue's revenue as iron ore is priced in USD.

Operating Costs: Fortescue's ability to control production and shipping costs influences profit margins and investor sentiment.

Company Strategy: Fortescue's investment decisions, expansion plans, and technology adoption shape its future growth potential.

Market Sentiment: Overall investor confidence and risk appetite in the resources sector affect FRM.AU's trading activity.

Regulatory Environment: Government policies related to mining royalties, environmental regulations, and trade can influence Fortescue's profitability.

Dividends: Fortescue's dividend payout ratio and yield are key factors attracting investors seeking income.

Economic Conditions: Global and Australian economic growth rates impact demand for iron ore and investor confidence.

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