Ferrexpo (LON:FXPO) Trading Up 18.7% - Here's Why

Key Points

• Ferrexpo plc shares surged by 18.7% on Thursday, reaching a trading high of GBX 55.20 ($0.74) from a previous close of GBX 45.75 ($0.61).
• Trading volume increased significantly, with 28 million shares changing hands, marking a 604% rise from the average session volume.
• The company, which specializes in producing high-grade iron ore pellets, continues operations despite the ongoing war in Ukraine, producing 6.1 million tonnes of pellets in 2022.

Ferrexpo plc (LON:FXPO - ) shares traded up 18.7% on Thursday . The company traded as high as GBX 55.20 ($0.74) and last traded at GBX 54.32 ($0.73). 28,063,744 shares changed hands during mid-day trading, an increase of 604% from the average session volume of 3,987,141 shares. The stock had previously closed at GBX 45.75 ($0.61).

Ferrexpo Price Performance

The stock has a 50 day moving average of GBX 48.10 and a two-hundred day moving average of GBX 63.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The firm has a market capitalization of £390.44 million, a P/E ratio of -7.06, a P/E/G 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.

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