It has been an interesting week for First Quantum Minerals (TSX:FM). The company has been on somewhat of a roller coaster ride. How did its stock price fare today after rumors of a takeover bid were shut down?
It was a tepid start to the week as the TSX Index struggled to gain any positive moment on Monday. The Index dropped by 32.49 points (0.19%) despite the fact that oil and gold posted positive daily gains. What should we make of this moving forward?
First Quantum Minerals (TSX:FM) is taking advantage of the booming material and energy sectors on the TSX this morning, up nearly 8% at the mid day point. Is this price sustainable, or will we see a dip from the company moving forward?