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

Ferrexpo plc (LON:FXPO)’s share price rose 22.4% during trading on Monday . The stock traded as high as GBX 73.56 and last traded at GBX 70.60. Approximately 15,627,566 shares changed 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.

Wall Street Analysts Forecast Growth

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

Ferrexpo Stock Down 3.3%

The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The company’s 50 day simple moving average is GBX 55.11 and its 200-day simple moving average is GBX 53.25. The firm has a market cap of £414.23 million, a P/E ratio of -1.37, a PEG ratio of -0.18 and a beta of 1.26.

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.