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

Key Points

• Ferrexpo's stock price surged 12% on Tuesday, reaching a high of GBX 59.90 ($0.81) and trading volume increased by 91% compared to the average.
• The company maintained strong financial ratios with a quick ratio of 2.20, a current ratio of 2.11, and a debt-to-equity ratio of 0.33.
• Ferrexpo, headquartered in Switzerland with operations in Ukraine, produced 6.1 million tonnes of high-grade iron ore pellets in 2022, continuing its supply to the global steel industry despite ongoing conflict.

Ferrexpo plc (LON:FXPO - Get Free Report)'s stock price traded up 12% 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 changed hands during 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 Price Performance

The stock has a market cap of £418.55 million, a price-to-earnings ratio of -7.57, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a 50-day simple moving average of GBX 49 and a two-hundred day simple moving average of GBX 59.17. 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.