Ferrexpo (LON:FXPO) Shares Up 10.8% - Still a Buy?

Key Points

• Ferrexpo plc shares surged by 10.8% during trading, reaching a high of GBX 61.90 ($0.83) before closing at GBX 59.40 ($0.80).
• The trading volume increased significantly, with 8,940,306 shares changing hands, marking a 135% rise compared to the average volume.
• Ferrexpo, a company engaged in producing high-grade iron ore pellets, maintains a market capitalization of £349.51 million and operates primarily in Ukraine despite ongoing conflicts.

Ferrexpo plc (LON:FXPO - ) shot up 10.8% during mid-day trading on Friday . The company traded as high as GBX 61.90 ($0.83) and last traded at GBX 59.40 ($0.80). 8,940,306 shares traded hands during 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 business's 50-day moving average is GBX 54 and its 200-day moving average is GBX 53.05. The company has a market capitalization of £349.51 million, a price-to-earnings ratio of -115.90, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33.

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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