Ferrexpo (LON:FXPO) Shares Up 14.5% - What's Next?

Key Points

• Shares of Ferrexpo plc surged 14.5% during trading, reaching GBX 52.40 ($0.70), with trading volume increasing by 410% compared to the average session.
• The company, based in Switzerland with operations in Ukraine, focuses on producing high-grade iron ore pellets for the global steel industry and reported a production of 6.1 million tonnes in 2022, despite ongoing conflict.
• Ferrexpo's stock has a market capitalization of £397.10 million and maintains a debt-to-equity ratio of 0.33, reflecting a stable financial position.

Shares of Ferrexpo plc (LON:FXPO - ) shot up 14.5% during mid-day trading on Thursday . The company traded as high as GBX 52.40 ($0.70) and last traded at GBX 52.40 ($0.70). 20,056,133 shares changed hands during trading, an increase of 410% from the average session volume of 3,934,459 shares. The stock had previously closed at GBX 45.75 ($0.61).

Ferrexpo Stock Performance

The firm's 50-day simple moving average is GBX 48.10 and its two-hundred day simple moving average is GBX 63.70. 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 stock has a market capitalization of £397.10 million, a PE ratio of -7.18, a PEG ratio of -0.18 and a beta of 1.26.

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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