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Ferrexpo (LON:FXPO) Stock Price Up 10.8% - Still a Buy?

Ferrexpo logo with Basic Materials background

Key Points

  • Ferrexpo plc shares experienced a significant increase of 10.8% during trading, reaching GBX 61.90 ($0.83) from a previous close of GBX 53.60 ($0.72).
  • The company's market capitalization stands at £349.51 million, with a debt-to-equity ratio of 0.33 and a price-to-earnings ratio of -115.90.
  • Despite the challenges posed by the war in Ukraine, Ferrexpo produced 6.1 million tonnes of high-grade iron ore pellets in 2022, supporting the global steel industry.
  • MarketBeat previews top five stocks to own in November.

Ferrexpo plc (LON:FXPO - Get Free Report) rose 10.8% during trading on Friday . The company traded as high as GBX 61.90 ($0.83) and last traded at GBX 59.40 ($0.80). Approximately 8,940,306 shares were traded 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 Trading Up 10.8%

The stock has a 50-day moving average of GBX 54 and a 200 day moving average of GBX 53.05. The stock has a market cap of £349.51 million, a PE ratio of -115.90, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33.

About Ferrexpo

(Get Free Report)

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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