Ferrexpo (LON:FXPO) Trading 15.4% Higher - What's Next?

Key Points

• Ferrexpo plc shares rose by 15.4% on Thursday, reaching a peak of GBX 55.20 ($0.74) amid a surge in trading volume, increasing 294% from the average session.
• The company has a market capitalization of £390.44 million and a negative price-to-earnings ratio, indicating potential financial challenges.
• Despite the ongoing war in Ukraine, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, providing a premium product for the global steel industry.

Ferrexpo plc (LON:FXPO - Get Free Report)'s stock price 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 were traded during 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 Stock Up 9.8%

The firm has a market capitalization of £428.90 million, a PE ratio of -7.76, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The firm's 50-day moving average is GBX 47.86 and its 200 day moving average is GBX 63.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

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.