FERREXPO

Ferrexpo PLC (LSE:FXPO) shares shot up 11% to 61.6p after the iron ore pellet producer and exporter published its interim results for the six months ending 30 June. Total commercial production for the first six months of 2024 increased by 75% to 3.7 million tonnes, comprising 3.3 million tonnes of pellets and 0.4 million tonnes of commercial concentrate. » Mehr auf proactiveinvestors.co.uk

Ferrexpo is highly speculative because its operations are in Ukraine facing catastrophic risks, and its stock price is almost entirely dictated by the evolution of the war. Currently, its logistics is curbed by the ongoing war, which impacts its cash flows by limiting utilisation, but has not impacted its sustainability as a going concern financially. The end of the war would eliminate the risk of destruction or other catastrophic events, and would allow for production to resume at higher levels. Institutional stock support could resume. » Mehr auf seekingalpha.com

Ferrexpo shares rocketed up 11% as production at the Ukraine-based iron pellet maker hit its highest since the Russian invasion, while exports have also resumed from ports in the country. Output jumped 203% in the first quarter of 2024 at 1.8m tonnes in the first quarter of this year, though this was still some way short of the 2.8m tonnes produced before the start of the war. » Mehr auf proactiveinvestors.co.uk