Ferrexpo (LON:FXPO) Trading Up 12% - Still a Buy?

Key Points

• Ferrexpo plc's stock price increased by 12% to GBX 58.70 ($0.79) during trading on Tuesday, with a trading volume 91% higher than its average.
• The company's financial metrics include a quick ratio of 2.20, a debt-to-equity ratio of 0.33, and a market capitalization of £434.07 million.
• Ferrexpo has been a significant supplier to the global steel industry for over 50 years and produced 6.1 million tonnes of high-grade iron ore pellets in 2022 despite challenging conditions in Ukraine.

Ferrexpo plc (LON:FXPO - Get Free Report)'s share price traded up 12% during trading on Tuesday . The stock traded as high as GBX 59.90 ($0.81) and last traded at GBX 58.70 ($0.79). 7,615,593 shares traded hands during mid-day trading, an increase of 91% from the average session volume of 3,983,499 shares. The stock had previously closed at GBX 52.40 ($0.71).

Ferrexpo Stock Up 10.3%

The company has a 50-day simple moving average of GBX 49 and a 200 day simple moving average of GBX 59.17. The company has a market cap of £418.55 million, a P/E ratio of -7.57, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33.

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.