Ferrexpo (LON:FXPO) Shares Up 17.4% - Time to Buy?

Key Points

• Shares of Ferrexpo plc rose by 17.4% during trading, reaching a last trading price of GBX 53.70 ($0.72), compared to a previous close of GBX 45.75 ($0.61).
• The trading volume increased significantly to approximately 25 million shares, marking a 531% rise from the average daily volume.
• Ferrexpo is a Swiss headquartered company producing high-grade iron ore pellets, with a market capitalization of £397.10 million and a price-to-earnings ratio of -7.18.

Shares of Ferrexpo plc (LON:FXPO - ) rose 17.4% during trading on Thursday . The stock traded as high as GBX 54.70 ($0.73) and last traded at GBX 53.70 ($0.72). Approximately 25,034,223 shares traded hands during trading, an increase of 531% from the average daily volume of 3,967,210 shares. The stock had previously closed at GBX 45.75 ($0.61).

Ferrexpo Stock Up 17.4%

The stock has a market capitalization of £397.10 million, a price-to-earnings ratio of -7.18, a PEG ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The business has a fifty day moving average of GBX 48.10 and a 200 day moving average of GBX 63.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.