Ferrexpo (LON:FXPO) Shares Up 13.9% – Should You Buy?

Ferrexpo plc (LON:FXPO)’s stock price shot up 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 ($1.05). 59,019,531 shares traded hands during mid-day trading, an increase of 1,080% from the average session volume of 5,000,597 shares. The stock had previously closed at GBX 73.60 ($0.92).

Ferrexpo Price Performance

The business’s 50 day moving average is GBX 102.72 and its 200-day moving average is GBX 70.70. The firm has a market capitalization of £515.00 million, a P/E ratio of -1,230.00, a PEG ratio of -0.18 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.34.

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.