Ferrexpo (LON:FXPO) Trading 9.9% Higher – Time to Buy?

Ferrexpo plc (LON:FXPO)’s share price traded up 9.9% during mid-day trading on Thursday . The stock traded as high as GBX 81.50 ($1.01) and last traded at GBX 80.90 ($1.00). 58,346,766 shares traded hands during trading, an increase of 1,073% from the average session volume of 4,974,721 shares. The stock had previously closed at GBX 73.60 ($0.91).

Ferrexpo Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.11 and a quick ratio of 2.20. The firm has a market cap of £569.43 million, a PE ratio of -1,360.00, a P/E/G ratio of -0.18 and a beta of 1.26. The business’s fifty day moving average is GBX 102.75 and its 200-day moving average is 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.