Ferrexpo (FXPO.L) shares have fallen significantly from the most recent highs of 281.1p. Will it continue, or is this an opportunity to pick some up?

• A return to previous highs would represent a rise of 114%. Now at 131.0p (at time of writing).
• This is one of the biggest fallers of late.
• Traders should consider whether it is down for good reason, or is this another over-reaction?
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Shares -56% from 12-month highs; +0% from 12 month lows.

Latest News

14 Oct:  The UK 100 was weaker today as hopes of a deal on Brexit began to dissipate. The index was also hurt by a fall in mining shares as a result of disappointing import/export data.

14 Oct:  Ferrexpo, the iron-ore mining company,  announced that it was aware of reports claiming that CEO Kostyantin Zhevago was being investigated by the Ukrainian authorities for his business dealings  in the country.

10 Oct:  Barclays Capital has downgraded its rating on Ferrexpo (FXPO) to underweight (from equal weight) and reduced the target price to 110p  (from 245p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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