Ferrexpo (LON:FXPO) Shares Up 10.8% – Here’s Why

Ferrexpo plc (LON:FXPO)’s stock price was up 10.8% during mid-day trading on Saturday . The company traded as high as GBX 61.90 ($0.83) and last traded at GBX 59.40 ($0.80). Approximately 8,940,306 shares traded hands during mid-day trading, an increase of 135% from the average daily volume of 3,802,694 shares. The stock had previously closed at GBX 53.60 ($0.72).

Ferrexpo Price Performance

The firm has a market capitalization of £349.51 million, a PE ratio of -115.90, a PEG ratio of -0.18 and a beta of 1.26. The stock has a 50-day moving average price of GBX 54 and a 200 day moving average price of GBX 53.05. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33.

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.