Ferrexpo (LON:FXPO) Trading 10.8% Higher - Time to Buy?

Key Points

• Ferrexpo plc's stock price surged by 10.8%, reaching a last traded price of GBX 59.40 ($0.80) with a notable increase in trading volume.
• The company, which specializes in producing high-grade iron ore pellets, has a market capitalization of £349.51 million and has remained operational despite the ongoing conflict in Ukraine.
• Ferrexpo's offerings contribute significantly to the steel industry, enabling reduced carbon emissions and increased productivity for steelmakers.

Ferrexpo plc (LON:FXPO - )'s stock price 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 were traded during mid-day 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 Stock Up 10.8%

The stock has a 50 day moving average price of GBX 54 and a 200 day moving average price of GBX 53.05. The company has a market capitalization 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 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.

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.