Ferrexpo (LON:FXPO) Trading 9.8% Higher - Here's What Happened

Key Points

• Ferrexpo plc shares experienced a significant rise of 9.8% during mid-day trading, reaching a high of GBX 60.91 ($0.82) and noticeably increasing trading volume by 115% from the average.
• The company, which produces high grade iron ore pellets, has successfully supplied the global steel industry for over 50 years and managed to produce 6.1 million tonnes of pellets in 2022 despite ongoing conflict in Ukraine.
• Ferrexpo has a market capitalization of £428.90 million, with key financial ratios indicating a debt-to-equity ratio of 0.33 and a PE ratio of -7.76, reflecting its current financial positioning.

Ferrexpo plc (LON:FXPO - ) shares rose 9.8% during mid-day trading on Saturday . The stock traded as high as GBX 60.91 ($0.82) and last traded at GBX 58 ($0.78). Approximately 8,444,530 shares were traded during mid-day trading, an increase of 115% from the average daily volume of 3,933,069 shares. The stock had previously closed at GBX 52.80 ($0.71).

Ferrexpo Price Performance

The stock's 50 day moving average is GBX 47.94 and its two-hundred day moving average is GBX 62.87. 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 stock 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.