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Ferrexpo (LON:FXPO) Shares Up 11.6% - Still a Buy?

Ferrexpo logo with Basic Materials background

Key Points

  • Ferrexpo plc's stock price increased by 11.6% on Friday, reaching GBX 59.80 ($0.80) after trading as high as GBX 60.50 ($0.81).
  • The company, operating in the iron ore sector, reported a market capitalization of £349.41 million and produced 6.1 million tonnes of iron ore pellets in 2022 despite challenges posed by the war in Ukraine.
  • Ferrexpo has robust liquidity ratios with a current ratio of 2.11 and a quick ratio of 2.20, indicating good financial health.
  • MarketBeat previews top five stocks to own in November.

Ferrexpo plc (LON:FXPO - Get Free Report)'s stock price was up 11.6% on Friday . The stock traded as high as GBX 60.50 ($0.81) and last traded at GBX 59.80 ($0.80). Approximately 23,717,447 shares traded hands during mid-day trading, an increase of 512% from the average daily volume of 3,875,848 shares. The stock had previously closed at GBX 53.60 ($0.72).

Ferrexpo Stock Up 10.8%

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 company has a market capitalization of £349.41 million, a price-to-earnings ratio of -115.87, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The firm's fifty day simple moving average is GBX 53.97 and its two-hundred day simple moving average is GBX 53.03.

Ferrexpo Company Profile

(Get Free Report)

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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