Ferrexpo (LON:FXPO) Trading 9.8% Higher - Time to Buy?

Key Points

• Ferrexpo's share price increased by 9.8%, rising to GBX 60.91 ($0.82), with a significant trading volume boost of 115% above its average daily volume.
• The company has a debt-to-equity ratio of 0.33 and a current ratio of 2.11, indicating solid financial health relative to its liabilities.
• Ferrexpo is based in Switzerland with assets in Ukraine, producing high grade iron ore pellets that support reduced carbon emissions and increased productivity in the global steel industry.

Shares of Ferrexpo plc (LON:FXPO - Get Free Report) rose 9.8% during trading on Saturday . The stock traded as high as GBX 60.91 ($0.82) and last traded at GBX 58 ($0.78). Approximately 8,444,530 shares were traded during trading, an increase of 115% from the average daily volume of 3,933,069 shares. The stock had previously closed at GBX 52.80 ($0.71).

Ferrexpo Stock Up 9.8%

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 stock has a market capitalization of £428.90 million, a P/E ratio of -7.76, a P/E/G ratio of -0.18 and a beta of 1.26. The company's 50-day moving average price is GBX 47.94 and its 200 day moving average price is GBX 62.26.

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.