Ferrexpo (LON:FXPO) Trading 11.6% Higher – Here’s Why

Ferrexpo plc (LON:FXPO)’s stock price traded up 11.6% during mid-day trading on Friday . The company traded as high as GBX 60.50 ($0.81) and last traded at GBX 59.80 ($0.80). 23,717,447 shares changed hands during trading, an increase of 512% from the average session volume of 3,875,848 shares. The stock had previously closed at GBX 53.60 ($0.72).

Ferrexpo Price Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The company has a 50-day simple moving average of GBX 54 and a two-hundred day simple moving average of GBX 53.04. The stock has a market cap of £349.51 million, a price-to-earnings ratio of -115.90, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26.

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.