Ferrexpo (LON:FXPO) Shares Up 13.3% – Here’s What Happened

Shares of Ferrexpo plc (LON:FXPO) traded up 13.3% on Thursday . The company traded as high as GBX 84.04 and last traded at GBX 78.50. 9,049,377 shares traded hands during trading, an increase of 285% from the average session volume of 2,348,607 shares. The stock had previously closed at GBX 69.30.

Key Ferrexpo News

Here are the key news stories impacting Ferrexpo this week:

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Analyst Upgrades and Downgrades

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

Ferrexpo Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The company’s 50 day simple moving average is GBX 69.05 and its 200 day simple moving average is GBX 58.39. The company has a market capitalization of £461.89 million, a PE ratio of -1.53, a price-to-earnings-growth 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.