Ferrexpo (LON:FXPO) Shares Up 10.8% - Should You Buy?

Key Points

• Ferrexpo's stock price surged by 10.8%, with shares trading as high as GBX 61.90 ($0.83) compared to a previous close of GBX 53.60 ($0.72).
• Trading volume increased dramatically to 8,940,306 shares, a 135% rise from the average session volume of 3,802,694 shares.
• Ferrexpo operates as an iron ore company with a strong position in the steel industry, producing 6.1 million tonnes of iron ore pellets in 2022 despite the ongoing conflict in Ukraine.

Ferrexpo plc (LON:FXPO - )'s stock price shot up 10.8% on Saturday . The stock traded as high as GBX 61.90 ($0.83) and last traded at GBX 59.40 ($0.80). 8,940,306 shares were traded during mid-day trading, an increase of 135% from the average session volume of 3,802,694 shares. The stock had previously closed at GBX 53.60 ($0.72).

Ferrexpo Stock Up 10.8%

The company's 50 day moving average price is GBX 54 and its two-hundred day moving average price is GBX 53.05. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The stock has a market cap of £349.51 million, a P/E ratio of -115.90, a PEG ratio of -0.18 and a beta of 1.26.

About Ferrexpo

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.

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