Ferrexpo (LON:FXPO) Trading 13.2% Higher – Should You Buy?

Shares of Ferrexpo plc (LON:FXPO) shot up 13.2% during trading on Thursday . The company traded as high as GBX 113.60 ($1.43) and last traded at GBX 102.80 ($1.29). 168,911,641 shares traded hands during mid-day trading, an increase of 1,931% from the average session volume of 8,314,754 shares. The stock had previously closed at GBX 90.80 ($1.14).

Ferrexpo Stock Performance

The stock has a 50-day moving average of GBX 102.13 and a 200 day moving average of GBX 72.32. 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 stock has a market capitalization of £712.86 million, a price-to-earnings ratio of -12.90, a price-to-earnings-growth 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.