Ferrexpo (LON:FXPO) Trading 9.8% Higher - Still a Buy?

Key Points

• Ferrexpo's share price increased by 9.8% during recent trading, reaching a high of GBX 60.91 ($0.82) after closing at GBX 52.80 ($0.71).
• The company's market capitalization stands at £428.90 million, with a concerning P/E ratio of -7.76 and a strong quick ratio of 2.20.
• Despite challenges from the war in Ukraine, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, highlighting its resilience in the global steel industry.

Ferrexpo plc (LON:FXPO - )'s share price rose 9.8% during trading on Saturday . The company traded as high as GBX 60.91 ($0.82) and last traded at GBX 58 ($0.78). Approximately 8,444,530 shares traded hands during 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 business has a 50 day simple moving average of GBX 47.94 and a two-hundred day simple moving average of GBX 62.56. 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 has a market capitalization of £428.90 million, a P/E 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.