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

Ferrexpo plc (LON:FXPO)’s stock price rose 22.4% on Monday . The company 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.

Analyst Ratings Changes

Separately, Peel Hunt reissued a “hold” rating and issued a GBX 53 target price 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.com, Ferrexpo has an average rating of “Hold” and an average price target of GBX 53.

Ferrexpo Stock Up 22.4%

The stock has a market cap of £415.41 million, a price-to-earnings ratio of -1.38, a P/E/G ratio of -0.18 and a beta of 1.26. The business has a fifty day moving average of GBX 54.36 and a 200 day moving average of GBX 53.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20.

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.