Ferrexpo (LON:FXPO) Stock Price Up 10.8% - Here's Why

Key Points

• Ferrexpo's stock price increased by 10.8%, closing at GBX 59.40 ($0.80), following a significant trading volume of approximately 8,940,306 shares.
• The company's market capitalization stands at £349.51 million, and it has a P/E ratio of -115.90, indicating a challenging earnings outlook.
• As a major supplier of high-grade iron ore pellets, Ferrexpo has been operational for over 50 years, producing 6.1 million tonnes of pellets in 2022, despite the ongoing war in Ukraine.

Ferrexpo plc (LON:FXPO - ) shares rose 10.8% on Saturday . The stock traded as high as GBX 61.90 ($0.83) and last traded at GBX 59.40 ($0.80). Approximately 8,940,306 shares traded hands during mid-day trading, an increase of 135% from the average daily volume of 3,802,694 shares. The stock had previously closed at GBX 53.60 ($0.72).

Ferrexpo Price Performance

The firm's 50-day moving average is GBX 54 and its two-hundred day moving average is GBX 53.04. The company has a market cap of £349.51 million, a P/E ratio of -115.90, 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.

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.

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