Ferrexpo (LON:FXPO) Trading Up 15.4% - Still a Buy?

Key Points

• Ferrexpo's share price surged by 15.4% during trading, reaching a high of GBX 55.20 ($0.74) and a last trading price of GBX 52.80 ($0.71).
• Approximately 15.4 million shares were traded, marking a 294% increase from the average daily volume of about 3.9 million shares.
• The company, a major provider of high grade iron ore pellets, produced 6.1 million tonnes in 2022 despite challenges posed by the ongoing war in Ukraine.

Ferrexpo plc (LON:FXPO - Get Free Report) traded up 15.4% on Thursday . The stock traded as high as GBX 55.20 ($0.74) and last traded at GBX 52.80 ($0.71). 15,397,059 shares changed hands during trading, an increase of 294% from the average session volume of 3,903,808 shares. The stock had previously closed at GBX 45.75 ($0.62).

Ferrexpo Stock Up 9.8%

The company 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 quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The company has a market capitalization of £428.90 million, a P/E ratio of -7.76, a PEG ratio of -0.18 and a beta of 1.26.

Ferrexpo Company Profile

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.