Fortum Oyj (OTCMKTS:FOJCY – Get Free Report) dropped 5% during mid-day trading on Friday. The stock traded as low as $5.2750 and last traded at $5.2750. Approximately 416 shares were traded during trading, a decline of 94% from the average session volume of 6,592 shares. The stock had previously closed at $5.55.
Fortum Oyj Stock Up 4.0%
The firm’s 50 day simple moving average is $4.90 and its two-hundred day simple moving average is $4.84.
About Fortum Oyj
Fortum Oyj is a Finnish energy company headquartered in Espoo, Finland. The company generates and sells electricity and provides heating and cooling services, with a primary focus on reliable, low-carbon energy production. Its generation portfolio includes hydropower, nuclear power, wind power and solar power, complemented by flexible thermal generation and energy services.
Fortum serves customers primarily in the Nordic region and Poland. In addition to supplying electricity and district heating, the company provides solutions intended to help businesses and communities reduce emissions, improve energy efficiency and transition away from fossil fuels.
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