Ferrexpo (LON:FXPO) Shares Up 12.9% – Time to Buy?

Ferrexpo plc (LON:FXPO) shot up 12.9% during trading on Monday . The stock traded as high as GBX 115 ($1.45) and last traded at GBX 108.80 ($1.37). 6,868,830 shares traded hands during mid-day trading, an increase of 107% from the average session volume of 3,324,711 shares. The stock had previously closed at GBX 96.40 ($1.21).

Ferrexpo Trading Up 12.9 %

The firm has a market cap of £804.55 million, a P/E ratio of -14.56, a PEG ratio of -0.18 and a beta of 1.26. The company has a 50 day moving average of GBX 101.68 and a 200 day moving average of GBX 72.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

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.