Ferrexpo (LON:FXPO) Trading 15.4% Higher - Should You Buy?

Key Points

• Ferrexpo plc shares rose by 15.4%, closing at GBX 52.80 ($0.71), with trading volume significantly up by 294% compared to its average daily volume.
• The company has a market capitalization of £390.44 million and a debt-to-equity ratio of 0.33, indicating a solid financial position.
• Operating for over 50 years, Ferrexpo is a key supplier of high-grade iron ore pellets, producing 6.1 million tonnes in 2022 even amidst the challenges posed by the war in Ukraine.

Ferrexpo plc (LON:FXPO - ) was up 15.4% 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 changed 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 ($0.62).

Ferrexpo Trading Up 15.4%

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The business's 50-day moving average price is GBX 47.86 and its two-hundred day moving average price is GBX 63.20. The company has a market capitalization of £390.44 million, a price-to-earnings ratio of -7.06, a P/E/G ratio of -0.18 and a beta of 1.26.

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.

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