Ferrexpo (LON:FXPO) Trading 15.2% Higher – Here’s What Happened

Ferrexpo plc (LON:FXPO) was up 15.2% during trading on Thursday . The stock traded as high as GBX 113.60 ($1.41) and last traded at GBX 104.60 ($1.30). Approximately 168,293,578 shares changed hands during trading, an increase of 1,929% from the average daily volume of 8,294,816 shares. The stock had previously closed at GBX 90.80 ($1.13).

Ferrexpo Stock Performance

The company has a market capitalization of £614.89 million, a PE ratio of -1,468.57, a P/E/G ratio of -0.18 and a beta of 1.26. The stock’s 50-day simple moving average is GBX 102.92 and its 200 day simple moving average is GBX 71.83. The company has a debt-to-equity ratio of 0.34, 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.