Ferrexpo (LON:FXPO) Shares Up 15.4% - Should You Buy?

Key Points

• Shares of Ferrexpo plc increased by 15.4% on Thursday, reaching a last trading price of GBX 52.80 ($0.71) after closing at GBX 45.75 ($0.62).
• The company has a market capitalization of £390.44 million and reported a PE ratio of -7.06, indicating potential volatility.
• Ferrexpo, based in Switzerland, has been producing high-grade iron ore pellets for over 50 years, even amid the ongoing conflict in Ukraine, with a total production of 6.1 million tonnes in 2022.

Ferrexpo plc (LON:FXPO - Get Free Report)'s stock price shot up 15.4% during trading 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 were traded 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 Trading Down 4.3%

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The company's fifty day moving average is GBX 47.94 and its 200-day moving average is GBX 62.26. The stock has a market cap of £410.48 million, a PE ratio of -7.43, a PEG ratio of -0.18 and a beta of 1.26.

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.