Ferrexpo (LON:FXPO) Trading Up 11.7% - Here's What Happened

Key Points

• Ferrexpo plc shares rose by 11.7% on Friday, reaching a trading price of GBX 59.85 ($0.80) after closing at GBX 53.60 ($0.72).
• Trading volume surged by 528% compared to the average daily volume, with approximately 24 million shares exchanged.
• The company has a market cap of £355.39 million and produces high-grade iron ore pellets, contributing to reduced carbon emissions in steelmaking.

Ferrexpo plc (LON:FXPO - )'s share price was up 11.7% during trading on Friday . The stock traded as high as GBX 60.50 ($0.81) and last traded at GBX 59.85 ($0.80). Approximately 24,344,172 shares changed hands during mid-day trading, an increase of 528% from the average daily volume of 3,878,950 shares. The stock had previously closed at GBX 53.60 ($0.72).

Ferrexpo Trading Up 12.7%

The company has a 50 day moving average price of GBX 53.97 and a 200 day moving average price of GBX 53.03. The firm has a market cap of £355.39 million, a price-to-earnings ratio of -117.85, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

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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