Ferrexpo (LON:FXPO) Stock Price Up 15.4% - Still a Buy?

Key Points

• Ferrexpo's stock price increased by 15.4%, reaching a last trade price of GBX 52.80 ($0.71), significantly higher than its previous close of GBX 45.75 ($0.61).
• The company has a market cap of £390.44 million, with a PE ratio of -7.06 and a beta of 1.26, indicating potential volatility.
• Despite challenges due to the war in Ukraine, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, catering to the global steel industry's demand.

Ferrexpo plc (LON:FXPO - )'s share price rose 15.4% during mid-day trading on Thursday . The company traded as high as GBX 55.20 ($0.74) and last traded at GBX 52.80 ($0.71). Approximately 15,397,059 shares traded hands during mid-day trading, an increase of 294% from the average daily volume of 3,903,808 shares. The stock had previously closed at GBX 45.75 ($0.61).

Ferrexpo Price Performance

The stock has a market cap of £390.44 million, a PE ratio of -7.06, a PEG ratio of -0.18 and a beta of 1.26. The business's 50-day simple moving average is GBX 48.10 and its 200-day simple moving average is GBX 63.70. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.