Ferrexpo (OTCMKTS:FEEXF) Trading 10.2% Higher – Here’s What Happened
by Scott Moore · The Cerbat GemShares of Ferrexpo plc (OTCMKTS:FEEXF – Get Free Report) traded up 10.2% on Friday . The company traded as high as $0.65 and last traded at $0.65. 34,879 shares traded hands during mid-day trading, an increase of 195% from the average session volume of 11,806 shares. The stock had previously closed at $0.59.
Ferrexpo Price Performance
The stock has a 50 day moving average price of $0.69 and a two-hundred day moving average price of $0.84.
Ferrexpo Company Profile
Ferrexpo plc is a Switzerland‐headquartered iron ore pellet producer with primary mining operations located in the Poltava region of Ukraine. The company specializes in the extraction, processing and sale of iron ore pellets, which are supplied to steel producers worldwide. Ferrexpo’s integrated operations include open-pit iron ore mines, beneficiation plants and pelletizing facilities designed to deliver high‐quality iron ore products for use in blast furnaces and direct reduction plants.
The company’s core products are magnetite‐based iron ore pellets, renowned for their uniform size, high iron content and low impurity levels.