Ferrexpo (LON:FXPO) Stock Price Up 10.8% - Time to Buy?

Key Points

• Ferrexpo plc's stock price increased by 10.8% on Friday, closing at GBX 59.40 ($0.80) after reaching a high of GBX 61.90 ($0.83).
• Trading volume surged to approximately 8.94 million shares, representing a 135% increase from the average daily volume.
• Ferrexpo is a major producer of high grade iron ore pellets, with operations that support the global steel industry and have been running for over 50 years.

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

Ferrexpo Stock Up 10.8%

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

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.

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