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Ferrexpo (LON:FXPO) Trading Up 12% - Should You Buy?

Ferrexpo logo with Basic Materials background

Key Points

  • Ferrexpo plc shares surged 12% during trading, reaching a high of GBX 59.90 ($0.81), with a notable increase in trading volume to approximately 7.6 million shares.
  • The company has a market capitalization of £434.07 million and a PE ratio of -7.85, indicating some financial volatility.
  • Ferrexpo has been operating for over 50 years and produced 6.1 million tonnes of high-grade iron ore pellets in 2022, despite challenges due to the war in Ukraine.
  • Looking to export and analyze Ferrexpo data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Ferrexpo plc (LON:FXPO - Get Free Report) was up 12% during trading on Tuesday . The company traded as high as GBX 59.90 ($0.81) and last traded at GBX 58.70 ($0.79). Approximately 7,615,593 shares traded hands during mid-day trading, an increase of 91% from the average daily volume of 3,983,499 shares. The stock had previously closed at GBX 52.40 ($0.71).

Ferrexpo Stock Performance

The stock has a market capitalization of £434.07 million, a PE ratio of -7.85, a PEG ratio of -0.18 and a beta of 1.26. The business has a 50 day moving average price of GBX 48.68 and a 200 day moving average price of GBX 60.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20.

Ferrexpo Company Profile

(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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