Ferrexpo (LON:FXPO) Trading 9.8% Higher – Time to Buy?

Ferrexpo plc (LON:FXPO) shares shot up 9.8% on Saturday . The company traded as high as GBX 60.91 ($0.82) and last traded at GBX 58 ($0.78). 8,444,530 shares traded hands during trading, an increase of 115% from the average session volume of 3,933,069 shares. The stock had previously closed at GBX 52.80 ($0.71).

Ferrexpo Stock Performance

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 firm has a market capitalization of £428.90 million, a PE ratio of -7.76, a PEG ratio of -0.18 and a beta of 1.26. The stock’s 50 day moving average price is GBX 47.94 and its two-hundred day moving average price is GBX 62.26.

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.