Ferrexpo (LON:FXPO) Shares Up 16.3% – Here’s Why

Ferrexpo plc (LON:FXPO) shot up 16.3% during trading on Friday . The stock traded as high as GBX 85.80 ($1.14) and last traded at GBX 83.76 ($1.11). 23,548,896 shares changed hands during trading, an increase of 365% from the average session volume of 5,060,748 shares. The stock had previously closed at GBX 72 ($0.96).

Ferrexpo Price Performance

The company has a market capitalization of £574.58 million, a PE ratio of -10.40, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of GBX 61.75 and a 200-day simple moving average of GBX 79.99.

Ferrexpo (LON:FXPO) last announced its quarterly earnings results on Thursday, March 20th. The iron ore producer reported GBX (8.51) (($0.11)) EPS for the quarter. Ferrexpo had a negative net margin of 6.50% and a negative return on equity of 5.13%. Equities analysts anticipate that Ferrexpo plc will post 3.7897311 earnings per share for the current year.

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.