Ferrexpo (LON:FXPO) Shares Up 12.9% – Here’s Why

Shares of Ferrexpo plc (LON:FXPO) were up 12.9% on Monday . The company traded as high as GBX 115 ($1.45) and last traded at GBX 108.80 ($1.37). Approximately 6,868,830 shares traded hands during mid-day trading, an increase of 107% from the average daily volume of 3,324,711 shares. The stock had previously closed at GBX 96.40 ($1.22).

Ferrexpo Stock Up 12.9 %

The firm has a market capitalization of £804.55 million, a PE ratio of -14.56, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The firm’s 50-day moving average is GBX 101.68 and its 200 day moving average is GBX 72.63.

Ferrexpo Company Profile

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.

Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.