Ferrexpo (LON:FXPO) Stock Price Up 12% - Here's What Happened

Key Points

• Ferrexpo plc shares increased by 12% during trading, reaching a high of GBX 59.90 ($0.81) with a trading volume that nearly doubled compared to its average.
• The company is valued at £434.07 million, with key financial ratios indicating a P/E ratio of -7.85 and a debt-to-equity ratio of 0.33.
• Despite challenges posed by the war in Ukraine, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, contributing to the global steel industry for over 50 years.

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

Ferrexpo Stock Performance

The firm has a market cap of £418.55 million, a PE ratio of -7.57, a P/E/G ratio of -0.18 and a beta of 1.26. The firm has a 50-day moving average price of GBX 49 and a two-hundred day moving average price of GBX 59.17. 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.