Ferrexpo plc’s stock price surged 10.3% on Wednesday, reaching GBX 65.47 ($0.85) before closing at GBX 65.10 ($0.84). The trading volume was significantly higher than average, with 3,197,441 shares being traded compared to the usual 1,982,074 shares. The stock’s performance indicators show a 50-day simple moving average of GBX 46.01 and a two-hundred day simple moving average of GBX 47.92. Additionally, Ferrexpo has a market cap of £398.96 million, with a price-to-earnings ratio of -942.00 and a beta of 1.26.
Ferrexpo plc is a company that mines, develops, processes, and sells iron ore pellets to the metallurgical industry. Operating in Ukraine, the company has two mines, a processing plant, a port in Odessa, a fleet of vessels on waterways, and an ocean-going vessel for top-off services. Despite the recent stock surge, analysts currently have a “hold” rating on Ferrexpo.
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