Ferrexpo (LON:FXPO) Shares Up 9.6% – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s stock price shot up 9.6% during trading on Friday . The company traded as high as GBX 77.20 ($0.98) and last traded at GBX 75.70 ($0.96). 48,818,500 shares changed hands during mid-day trading, an increase of 881% from the average session volume of 4,974,403 shares. The stock had previously closed at GBX 69.10 ($0.87).

Ferrexpo Stock Performance

The company has a market cap of £569.40 million, a PE ratio of -10.30, a PEG ratio of -0.18 and a beta of 1.26. The business’s 50-day moving average is GBX 99.87 and its 200 day moving average is GBX 73.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

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.