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Ferrexpo (LON:FXPO) Stock Price Up 9.8% - Here's What Happened

Ferrexpo logo with Basic Materials background

Key Points

  • Ferrexpo plc's share price saw a significant increase of 9.8% during mid-day trading, closing at GBX 58 ($0.78) after reaching a high of GBX 60.91 ($0.82).
  • The company's market capitalization stands at £428.90 million, with a debt-to-equity ratio of 0.33, highlighting its financial health amid challenges.
  • Despite ongoing conflicts in Ukraine, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, underscoring its long-standing role in supplying the global steel industry.
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Ferrexpo plc (LON:FXPO - Get Free Report)'s share price shot up 9.8% during mid-day trading on Saturday . The company traded as high as GBX 60.91 ($0.82) and last traded at GBX 58 ($0.78). 8,444,530 shares traded hands during mid-day trading, an increase of 115% from the average session volume of 3,933,069 shares. The stock had previously closed at GBX 52.80 ($0.71).

Ferrexpo Trading Down 2.1%

The business's fifty day simple moving average is GBX 47.94 and its two-hundred day simple moving average is GBX 62.26. The company has a market cap of £420.02 million, a price-to-earnings ratio of -7.60, a PEG ratio of -0.18 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33.

About Ferrexpo

(Get Free Report)

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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