Ferrexpo (LON:FXPO) Trading 15.4% Higher - Still a Buy?

Key Points

• Ferrexpo plc saw a significant stock increase of 15.4%, trading at GBX 52.80 ($0.71), which is a substantial rise from its previous close at GBX 45.75 ($0.61).
• The company has a market cap of £390.44 million and has shown strong trading volume with over 15 million shares exchanged, up 294% compared to its average session volume.
• Ferrexpo produces high-grade iron ore pellets essential for the global steel industry, having produced 6.1 million tonnes in 2022 despite challenging market conditions due to the war in Ukraine.

Ferrexpo plc (LON:FXPO - ) traded up 15.4% during mid-day trading on Thursday . The stock traded as high as GBX 55.20 ($0.74) and last traded at GBX 52.80 ($0.71). 15,376,922 shares were traded during mid-day trading, an increase of 294% from the average session volume of 3,903,675 shares. The stock had previously closed at GBX 45.75 ($0.61).

Ferrexpo Trading Up 15.4%

The firm has a 50 day simple moving average of GBX 48.10 and a 200 day simple moving average of GBX 63.70. The firm has a market cap of £390.44 million, a P/E ratio of -7.06, a P/E/G 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.

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