Ferrexpo (LON:FXPO) Trading 23% Higher – What’s Next?

Ferrexpo plc (LON:FXPO) shares were up 23% during mid-day trading on Thursday . The stock traded as high as GBX 91.35 ($1.13) and last traded at GBX 90.50 ($1.12). Approximately 60,493,809 shares changed hands during mid-day trading, an increase of 1,096% from the average daily volume of 5,057,300 shares. The stock had previously closed at GBX 73.60 ($0.91).

Ferrexpo Price Performance

The stock has a market capitalization of £569.43 million, a P/E ratio of -1,360.00, a PEG ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.20 and a current ratio of 2.11. The business has a fifty day simple moving average of GBX 102.75 and a 200-day simple moving average of GBX 71.06.

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.