Ferrexpo (LON:FXPO) Trading 8% Higher - Here's What Happened

Key Points

• Ferrexpo's stock price increased by 8% during mid-day trading, reaching a high of GBX 57.56 ($0.78) and closing last at GBX 56.60 ($0.76).
• Trading volume surged significantly, with 8,256,986 shares changing hands, an increase of 107% compared to the average session volume.
• The company, headquartered in Switzerland and operating in Ukraine, produced 6.1 million tonnes of iron ore pellets in 2022 despite the ongoing war in Ukraine.

Ferrexpo plc (LON:FXPO - Get Free Report)'s share price traded up 8% during mid-day trading on Tuesday . The stock traded as high as GBX 57.56 ($0.78) and last traded at GBX 56.60 ($0.77). 8,256,986 shares traded hands during trading, an increase of 107% from the average session volume of 3,987,507 shares. The stock had previously closed at GBX 52.40 ($0.71).

Ferrexpo Trading Up 10.3%

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 company's fifty day simple moving average is GBX 49 and its 200-day simple moving average is GBX 59.17. The company has a market capitalization of £418.55 million, a P/E ratio of -7.57, 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.