Ferrexpo (LON:FXPO) Shares Up 18.2% - Time to Buy?

Key Points

• Ferrexpo's stock price increased by 18.2% during trading, reaching a high of GBX 54.90 ($0.73) before closing at GBX 54.10 ($0.72).
• The company has a market capitalization of £403.19 million and a notably high price-to-earnings ratio of -7.29, reflecting its recent financial challenges.
• Despite the ongoing war in Ukraine, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, indicating resilience in its operations.

Ferrexpo plc (LON:FXPO - Get Free Report) was up 18.2% during trading on Thursday . The stock traded as high as GBX 54.90 ($0.74) and last traded at GBX 54.10 ($0.73). Approximately 26,563,740 shares changed hands during trading, an increase of 568% from the average daily volume of 3,977,272 shares. The stock had previously closed at GBX 45.75 ($0.62).

Ferrexpo Stock Up 9.8%

The company has a market cap of £428.90 million, a PE ratio of -7.76, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a fifty day moving average price of GBX 47.94 and a 200 day moving average price of 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.

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.