Ferrexpo (LON:FXPO) Trading 15.4% Higher - Should You Buy?

Key Points

• Ferrexpo's share price rose by 15.4% during mid-day trading, with values hitting as high as GBX 55.20 ($0.74), showing a significant increase in trading volume at 15,397,059 shares, a 294% rise from its average.
• The company, with a market capitalization of £393.40 million and a P/E ratio of -7.12, produces high-grade iron ore pellets that are crucial for the steel industry, having produced 6.1 million tonnes in 2022 despite the ongoing impact of the war in Ukraine.
• Ferrexpo is listed on the London Stock Exchange's FTSE 250 index and is headquartered in Switzerland with operations primarily in Ukraine.

Shares of Ferrexpo plc (LON:FXPO - Get Free Report) shot up 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). 15,397,059 shares traded hands during mid-day trading, an increase of 294% from the average session volume of 3,903,808 shares. The stock had previously closed at GBX 45.75 ($0.62).

Ferrexpo Stock Up 9.8%

The firm has a 50 day simple moving average of GBX 47.94 and a two-hundred day simple moving average of GBX 62.56. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of £428.90 million, a P/E ratio of -7.76, a PEG ratio of -0.18 and a beta of 1.26.

Ferrexpo Company Profile

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.