Ferrexpo (LON:FXPO) Trading 10.8% Higher - Still a Buy?

Key Points

• Shares of Ferrexpo plc soared by 10.8% during mid-day trading, reaching a last trade price of GBX 59.40 ($0.80), with a significant increase in volume.
• The company has a market cap of £349.51 million and operates a debt-to-equity ratio of 0.33, indicating relatively low leverage.
• Ferrexpo produces high grade iron ore pellets for the global steel industry, having generated 6.1 million tonnes of pellets in 2022, despite operational challenges due to the war in Ukraine.

Shares of Ferrexpo plc (LON:FXPO - ) traded up 10.8% during mid-day trading on Saturday . 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 Price Performance

The stock has a market cap 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 company has a 50-day moving average of GBX 54 and a 200-day moving average of GBX 53.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

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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