Ferrexpo (LON:FXPO) Trading Up 13.1% – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s stock price was up 13.1% during mid-day trading on Friday . The company traded as high as GBX 85.80 ($1.14) and last traded at GBX 81.40 ($1.08). Approximately 26,870,566 shares were traded during trading, an increase of 427% from the average daily volume of 5,099,826 shares. The stock had previously closed at GBX 72 ($0.96).

Ferrexpo Trading Up 7.9 %

The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The firm’s 50-day simple moving average is GBX 61.75 and its 200 day simple moving average is GBX 79.99. The stock has a market capitalization of £574.58 million, a P/E ratio of -10.40, a PEG ratio of -0.18 and a beta of 1.26.

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