Ferrexpo (LON:FXPO) Stock Price Up 9.8% – Should You Buy?

Ferrexpo plc (LON:FXPO)’s share price rose 9.8% during mid-day trading on Saturday . The stock traded as high as GBX 60.91 ($0.82) and last traded at GBX 58 ($0.78). Approximately 8,444,530 shares were traded during mid-day trading, an increase of 115% from the average daily volume of 3,933,069 shares. The stock had previously closed at GBX 52.80 ($0.71).

Ferrexpo Stock Up 9.8%

The firm’s 50-day moving average price is GBX 47.94 and its 200-day moving average price is GBX 62.26. The company has a market cap of £428.90 million, a price-to-earnings ratio of -7.76, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20.

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.