Over the past two years, shares in Ferrexpo(LSE: FXPO) have been on a wild ride. After peaking at a high of just under 500p during 2011, shares in the Ukrainian iron ore miner collapsed to a low of 16p at the end of 2015. But then, in what has to be one of the most breathtaking turnarounds ever seen, the shares rallied by around 900% from the 2015 low to a high of 160p. This is still around 70% below the all-time high but the company’s fortunes have significantly improved over the past 12 months.
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Even after these gains, it looks as if they could be further upside ahead for shares in Ferrexpo.
A comeback story
Shares in Ferrexpo plunged to their all-time low of 16p at the end of 2015 for many different reasons. The company was yet anoth…
Read the full article at: https://www.aol.co.uk/money/2017/04/12/after-rising-900-in-a-year-this-growth-stock-could-have-furthe/
