Ferrexpo (LON:FXPO) Trading Up 10.8% - What's Next?

Key Points

• Ferrexpo plc experienced a significant increase in stock price, rising 10.8% during trading, reaching a last traded price of GBX 59.40 ($0.80).
• The company's market capitalization stands at £349.51 million with a notably high P/E ratio of -115.90, indicating potential challenges in profitability.
• Despite ongoing challenges due to the war in Ukraine, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, underscoring its importance in the global steel industry.

Ferrexpo plc (LON:FXPO - ) shot up 10.8% during mid-day trading on Saturday . The stock traded as high as GBX 61.90 ($0.83) and last traded at GBX 59.40 ($0.80). 8,940,306 shares traded hands during mid-day trading, an increase of 135% from the average session volume of 3,802,694 shares. The stock had previously closed at GBX 53.60 ($0.72).

Ferrexpo Stock Performance

The company's fifty day moving average is GBX 54 and its 200 day moving average is GBX 53.04. The company has a market capitalization of £349.51 million, a P/E ratio of -115.90, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33.

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.

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