Ferrexpo (LON:FXPO) Stock Price Up 15.4% - Still a Buy?

Key Points

• Ferrexpo plc shares rose by 15.4%, reaching a last traded value of GBX 52.80 ($0.71), with trading volume increasing by 294% compared to the average daily volume.
• The company, which is headquartered in Switzerland and operates primarily in Ukraine, produced 6.1 million tonnes of high-grade iron ore pellets in 2022, despite the ongoing war in Ukraine.
• Ferrexpo has a market capitalization of £390.44 million and a debt-to-equity ratio of 0.33, indicating a relatively low level of debt compared to equity.

Ferrexpo plc (LON:FXPO - Get Free Report) shot up 15.4% during mid-day trading on Thursday . The company traded as high as GBX 55.20 ($0.74) and last traded at GBX 52.80 ($0.71). 15,397,059 shares traded hands during mid-day trading, an increase of 294% from the average session volume of 3,903,808 shares. The stock had previously closed at GBX 45.75 ($0.62).

Ferrexpo Price Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The firm's fifty day moving average is GBX 47.86 and its two-hundred day moving average is GBX 63.20. The company has a market cap of £428.90 million, a P/E ratio of -7.76, 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.