Ferrexpo (LON:FXPO) Stock Price Up 15.4% - Still a Buy?

Key Points

• Ferrexpo's stock price surged by 15.4% during mid-day trading, reaching a high of GBX 55.20 ($0.74), up from a previous close of GBX 45.75 ($0.62).
• Trading volume increased significantly, with over 15 million shares traded, which is a 294% rise compared to the average session volume.
• Ferrexpo, a Swiss iron ore company, produced 6.1 million tonnes of high-grade iron ore pellets in 2022, highlighting its resilience amid the ongoing war in Ukraine.

Shares of Ferrexpo plc (LON:FXPO - Get Free Report) rose 15.4% during mid-day trading on Friday . The stock traded as high as GBX 55.20 ($0.74) and last traded at GBX 52.80 ($0.71). Approximately 15,397,059 shares were traded during mid-day trading, an increase of 294% from the average daily volume of 3,903,808 shares. The stock had previously closed at GBX 45.75 ($0.62).

Ferrexpo Stock Up 9.8%

The company has a market cap of £428.90 million, a price-to-earnings ratio of -7.76, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. 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 firm's fifty day moving average price is GBX 47.94 and its 200-day moving average price is GBX 62.56.

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.