Ferrexpo (LON:FXPO) Trading 9.1% Higher – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s share price was up 9.1% on Monday . The company traded as high as GBX 79.30 and last traded at GBX 77.58. Approximately 10,738,810 shares were traded during mid-day trading, an increase of 187% from the average daily volume of 3,747,239 shares. The stock had previously closed at GBX 71.10.

Analyst Ratings Changes

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

Ferrexpo Stock Performance

The firm has a market cap of £456.01 million, a P/E ratio of -1.51, a PEG ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The stock’s 50-day moving average is GBX 59.87 and its 200 day moving average is GBX 54.01.

Ferrexpo Company Profile

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.