Ferrexpo (LON:FXPO) Trading Up 9.8% - Time to Buy?

Key Points

• Ferrexpo plc experienced a significant rise of 9.8% in stock price, trading as high as GBX 60.91 ($0.82) after previously closing at GBX 52.80 ($0.71).
• The company reported a trading volume of 8.4 million shares, which is an increase of 115% compared to its average session volume.
• Ferrexpo produces high-grade iron ore pellets and had a production of 6.1 million tonnes in 2022 despite the challenges posed by the war in Ukraine.

Ferrexpo plc (LON:FXPO - ) shot up 9.8% on Saturday . The stock traded as high as GBX 60.91 ($0.82) and last traded at GBX 58 ($0.78). 8,444,530 shares were traded during trading, an increase of 115% from the average session volume of 3,933,069 shares. The stock had previously closed at GBX 52.80 ($0.71).

Ferrexpo Stock Performance

The firm has a fifty day simple moving average of GBX 47.94 and a 200 day simple moving average of GBX 62.56. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The stock has a market cap of £428.90 million, a price-to-earnings 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.

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