Ferrexpo (LON:FXPO) Trading Up 10.3% – Should You Buy?

Ferrexpo plc (LON:FXPO)’s stock price shot up 10.3% during mid-day trading on Wednesday . The stock traded as high as GBX 78.50 ($1.00) and last traded at GBX 78 ($1.00). 15,282,438 shares were traded during mid-day trading, an increase of 267% from the average session volume of 4,161,361 shares. The stock had previously closed at GBX 70.70 ($0.90).

Ferrexpo Trading Up 7.7 %

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The business’s 50 day simple moving average is GBX 95.87 and its 200 day simple moving average is GBX 74.95. The stock has a market cap of £563.12 million, a P/E ratio of -10.19, a PEG ratio of -0.18 and a beta of 1.26.

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.