Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
The latest update is out from Ferrexpo ( (GB:FXPO) ).
Ferrexpo announced that the creditor protection proceedings initiated by LLC VKO ‘Kysen’ against its subsidiary, Ferrexpo Poltava Mining, have been closed following the settlement of the outstanding debt and rejection of the appeal by Kysen. This closure resolves a significant financial uncertainty for Ferrexpo Poltava Mining, potentially stabilizing its operations and affirming Ferrexpo’s industry positioning amidst ongoing challenges in Ukraine.
More about Ferrexpo
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and is listed on the London Stock Exchange. It is part of the FTSE 250 and FTSE4Good indices. The company produces high-grade iron ore pellets, which are a premium product for the global steel industry, enabling reduced carbon emissions and increased productivity. Ferrexpo has been supplying the global steel industry for over 50 years and was the world’s third largest exporter of pellets before the 2022 Russian invasion of Ukraine.
YTD Price Performance: 0.38%
Average Trading Volume: 2,729,179
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £624.5M
See more data about FXPO stock on TipRanks’ Stock Analysis page.