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Ferrexpo (LON:FXPO) Trading Up 6.7% - Here's What Happened

Ferrexpo logo with Basic Materials background

Key Points

  • Ferrexpo's stock price increased by 6.7% during mid-day trading on Friday, reaching GBX 57.20 ($0.77), with a trading volume surge of 419% compared to average levels.
  • The company, operating in the iron ore sector, generated 6.1 million tonnes of high-grade iron ore pellets in 2022, demonstrating resilience despite challenges from the war in Ukraine.
  • Ferrexpo holds a debt-to-equity ratio of 0.33 and a market capitalization of £348.31 million, reflecting its financial standing in the market.
  • Interested in Ferrexpo? Here are five stocks we like better.

Ferrexpo plc (LON:FXPO - Get Free Report)'s stock price was up 6.7% during mid-day trading on Friday . The stock traded as high as GBX 57.50 ($0.77) and last traded at GBX 57.20 ($0.77). Approximately 20,005,512 shares were traded during mid-day trading, an increase of 419% from the average daily volume of 3,857,472 shares. The stock had previously closed at GBX 53.60 ($0.72).

Ferrexpo Price Performance

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 has a 50-day moving average price of GBX 53.97 and a 200-day moving average price of GBX 53.03. The firm has a market capitalization of £348.31 million, a PE ratio of -115.50, a P/E/G ratio of -0.18 and a beta of 1.26.

Ferrexpo Company Profile

(Get Free Report)

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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