Ferrexpo (LON:FXPO) Shares Up 12% - Time to Buy?

Key Points

• Ferrexpo's stock price surged 12% on Tuesday, trading at GBX 58.70 ($0.79) after closing at GBX 52.40 ($0.71).
• Approximately 7.6 million shares were traded, marking a 91% increase from the average daily volume of around 3.98 million shares.
• Ferrexpo, based in Switzerland with assets in Ukraine, produced 6.1 million tonnes of high-grade iron ore pellets in 2022, despite the ongoing war in Ukraine.

Ferrexpo plc (LON:FXPO - )'s stock price rose 12% 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 Up 12.0%

The firm has a market capitalization of £434.07 million, a P/E ratio of -7.85, a PEG 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 business's fifty day moving average price is GBX 48.68 and its two-hundred day moving average price is GBX 60.01.

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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