Ferrexpo (LON:FXPO) Trading Up 12% - What's Next?

Key Points

• Ferrexpo plc shares surged 12% during mid-day trading, reaching up to GBX 59.90 ($0.81), with trading volume increasing by 91% from its average daily volume.
• The company specializes in producing high-grade iron ore pellets, essential for reducing carbon emissions in the global steel industry, with a production of 6.1 million tonnes in 2022.
• Ferrexpo has a market capitalization of £434.07 million, a negative price-to-earnings ratio of -7.85, and maintains a debt-to-equity ratio of 0.33.

Ferrexpo plc (LON:FXPO - Get Free Report) shares rose 12% during mid-day trading on Tuesday . The company traded as high as GBX 59.90 ($0.81) and last traded at GBX 58.70 ($0.79). Approximately 7,615,593 shares changed hands during mid-day trading, an increase of 91% from the average daily volume of 3,983,499 shares. The stock had previously closed at GBX 52.40 ($0.71).

Ferrexpo Stock Performance

The company has a market capitalization of £418.55 million, a P/E ratio of -7.57, a P/E/G ratio of -0.18 and a beta of 1.26. The business has a 50-day moving average of GBX 49 and a 200-day moving average of GBX 59.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20.

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.