Ferrexpo (LON:FXPO) Shares Up 10.8% - What's Next?

Key Points

• Ferrexpo shares surged by 10.8%, reaching a trading price of GBX 59.40 ($0.80), with trading volume increasing by 135% compared to average sessions.
• The company, headquartered in Switzerland, specializes in producing high-grade iron ore pellets and has maintained a steady production, delivering 6.1 million tonnes in 2022 despite the challenges posed by the war in Ukraine.
• Ferrexpo's market capitalization stands at £349.51 million and it has a PE ratio of -115.90, indicating ongoing challenges in profitability amidst fluctuating market conditions.

Ferrexpo plc (LON:FXPO - ) shares shot up 10.8% on Saturday . The company traded as high as GBX 61.90 ($0.83) and last traded at GBX 59.40 ($0.80). 8,940,306 shares changed hands 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 Trading Up 10.8%

The stock has a market cap of £349.51 million, a PE ratio of -115.90, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The company's 50-day moving average price is GBX 54 and its 200 day moving average price is GBX 53.05.

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.

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