Ferrexpo (LON:FXPO) Shares Up 11.5% – Here’s What Happened

Ferrexpo plc (LON:FXPO) shares rose 11.5% during trading on Thursday . The company traded as high as GBX 77.50 and last traded at GBX 77.30. Approximately 9,389,911 shares traded hands during trading, an increase of 296% from the average daily volume of 2,371,332 shares. The stock had previously closed at GBX 69.30.

Analyst Ratings Changes

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

Ferrexpo Price Performance

The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The stock has a market cap of £487.25 million, a PE ratio of -1.62, a P/E/G ratio of -0.18 and a beta of 1.26. The firm’s fifty day moving average price is GBX 69.05 and its 200 day moving average price is GBX 58.39.

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.