Ferrexpo (LON:FXPO) Trading Up 18.4% – Time to Buy?

Ferrexpo plc (LON:FXPO)’s share price was up 18.4% during trading on Thursday . The stock traded as high as GBX 93.22 ($1.16) and last traded at GBX 87.16 ($1.08). Approximately 62,450,090 shares were traded during trading, an increase of 1,117% from the average daily volume of 5,132,542 shares. The stock had previously closed at GBX 73.60 ($0.91).

Ferrexpo Trading Up 9.4 %

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 stock has a market capitalization of £569.43 million, a P/E ratio of -1,360.00, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a fifty day simple moving average of GBX 103.03 and a two-hundred day simple moving average of GBX 71.34.

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.