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

Key Points

• Ferrexpo plc's stock rose by 9.8%, trading at GBX 58 ($0.78) after previously closing at GBX 52.80 ($0.71), with trading volume increasing by 115% from average levels.
• The company has a market cap of £428.90 million and a debt-to-equity ratio of 0.33, indicating a solid financial position.
• Ferrexpo is known for producing high-grade iron ore pellets, which help steelmakers reduce carbon emissions and improve productivity; in 2022, the company produced 6.1 million tonnes of these pellets despite challenges from the war in Ukraine.

Ferrexpo plc (LON:FXPO - Get Free Report) shares shot up 9.8% during trading 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 changed hands during mid-day 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 Down 6.2%

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 market capitalization of £402.28 million, a PE ratio of -7.28, a P/E/G ratio of -0.18 and a beta of 1.26. The business has a 50-day moving average of GBX 47.94 and a 200 day moving average of GBX 62.26.

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.