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

Key Points

• Ferrexpo plc shares experienced a 10.8% increase on Saturday, rising from a previous close of GBX 53.60 ($0.72) to GBX 59.40 ($0.80).
• The stock's trading volume surged to approximately 8.94 million shares, marking a significant increase of 135% from the average daily volume.
• Ferrexpo is a major player in the iron ore industry, producing 6.1 million tonnes of high grade iron ore pellets in 2022, despite ongoing challenges due to the war in Ukraine.

Shares of Ferrexpo plc (LON:FXPO - ) 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 changed hands during 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 company has a 50 day moving average of GBX 54 and a two-hundred day moving average of GBX 53.05. The firm 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 quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33.

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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