Commodities broker Marex Group rises after Q1 prelim results

Shares of British-based commodities broker Marex Group MRX.O rise 5.7% to $37.70 premarket

MRX provides preliminary Q1 results at its investor day, forecasts Q1 revenue to be between $449.3 million and $464.3 million

Analysts on average expect MRX to post Q1 revenue of $432.6 million - data compiled by LSEG

Client activity remained strong across the platform with high levels of exchange volume driven by volatility - MRX

7 of 8 brokerages rate the stock "buy" or higher and 1 "hold"; median PT is $41 - data compiled by LSEG

As of last close, MRX shares up 14.5% YTD