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

Ferrexpo plc (LON:FXPO) was up 9.1% during mid-day trading on Monday . The stock traded as high as GBX 79.30 and last traded at GBX 77.58. Approximately 10,738,810 shares were traded during 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 reiterated a “hold” rating and set a GBX 53 target price on shares of Ferrexpo in a report on Monday, November 10th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 53.

Ferrexpo Stock Performance

The company has a market capitalization of £454.49 million, a P/E ratio of -1.51, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company’s 50 day moving average is GBX 58.83 and its 200-day moving average is GBX 53.70. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33.

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.