Ferrexpo (LON:FXPO) Trading 15.4% Higher - Should You Buy?

Key Points

• Ferrexpo plc (LON:FXPO) saw a remarkable 15.4% increase in stock price, reaching GBX 55.20 during trading, which is significantly higher than its previous close of GBX 45.75.
• The company's trading volume surged to 15.4 million shares, a 294% increase compared to the average session volume.
• Despite the ongoing conflict in Ukraine, Ferrexpo produced 6.1 million tonnes of high-grade iron ore pellets in 2022, fueling the global steel industry for over 50 years.

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

Ferrexpo Price Performance

The company's 50-day moving average is GBX 47.94 and its two-hundred day moving average is GBX 62.56. 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 firm has a market cap 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.