Ferrexpo (LON:FXPO) Trading Up 22.4% – Here’s What Happened

Ferrexpo plc (LON:FXPO) rose 22.4% during mid-day trading on Monday . The stock traded as high as GBX 73.56 and last traded at GBX 70.60. Approximately 15,627,566 shares traded hands during trading, an increase of 328% from the average daily volume of 3,650,102 shares. The stock had previously closed at GBX 57.70.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reiterated a “hold” rating and issued a GBX 53 target price on shares of Ferrexpo in a research note on Monday, November 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 53.

Ferrexpo Stock Performance

The stock has a market cap of £415.41 million, a P/E ratio of -1.38, a P/E/G ratio of -0.18 and a beta of 1.26. The firm has a 50 day moving average of GBX 54.36 and a two-hundred day moving average of GBX 53.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

About Ferrexpo

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.

Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.