Ferrexpo (LON:FXPO) Shares Up 13.9% – Here’s Why

Ferrexpo plc (LON:FXPO)’s stock price rose 13.9% during mid-day trading on Thursday . The company traded as high as GBX 84.30 ($1.05) and last traded at GBX 83.83 ($1.04). Approximately 59,019,531 shares were traded during trading, an increase of 1,080% from the average daily volume of 5,000,597 shares. The stock had previously closed at GBX 73.60 ($0.91).

Ferrexpo Stock Performance

The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of GBX 102.75 and a 200 day simple moving average of GBX 71.06. The company has a market cap of £569.43 million, a price-to-earnings ratio of -1,360.00, a price-to-earnings-growth 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.