Ferrexpo (LON:FXPO) Shares Up 8.8% – What’s Next?

Ferrexpo plc (LON:FXPO)’s stock price shot up 8.8% during mid-day trading on Friday . The company traded as high as GBX 77.20 ($0.98) and last traded at GBX 75.20 ($0.95). 48,570,793 shares were traded during trading, an increase of 878% from the average session volume of 4,967,708 shares. The stock had previously closed at GBX 69.10 ($0.88).

Ferrexpo Stock Performance

The stock’s 50-day simple moving average is GBX 101.24 and its 200-day simple moving average is GBX 73.47. The stock has a market cap of £592.86 million, a price-to-earnings ratio of -10.73, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33.

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.