Ferrexpo (LON:FXPO) Shares Up 6.7% – Time to Buy?

Ferrexpo plc (LON:FXPO)’s stock price shot up 6.7% during trading on Friday . The stock traded as high as GBX 57.50 ($0.77) and last traded at GBX 57.20 ($0.77). 20,005,512 shares were traded during mid-day trading, an increase of 419% from the average session volume of 3,857,472 shares. The stock had previously closed at GBX 53.60 ($0.72).

Ferrexpo Price Performance

The company has a market cap of £349.51 million, a price-to-earnings ratio of -115.90, a PEG ratio of -0.18 and a beta of 1.26. 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 company’s fifty day moving average price is GBX 54 and its two-hundred day moving average price is GBX 53.04.

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.