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Why the Fortescue (ASX:FMG) share price is on the move today – Motley Fool Australia

The Fortescue Metals Group Limited (ASX:FMG) share price is on the move on Monday after providing an update on its share buy-back plans…



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The Fortescue Metals Group Limited(ASX: FMG) share price is edging lower on Monday despite the release of a positive announcement.
The iron ore producer’s shares are down 0.2% to $16.92 at the time of writing.
What did Fortescue announce?
This morning the mining giant revealed that it intends to continue buying back shares for the foreseeable future.
According to the release, Fortescue has further extended its on-market buy-back as part of its ongoing capital management programme.
The buy-b…

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