Ferrexpo (LON:FXPO) Stock Price Up 13.3% – Here’s Why

Ferrexpo plc (LON:FXPO)’s share price rose 13.3% during trading on Friday. The stock traded as high as GBX 32.88 and last traded at GBX 32.48. Approximately 2,550,186 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 2,572,801 shares. The stock had previously closed at GBX 28.66.

Ferrexpo Stock Up 13.3%

The stock has a market cap of £191.11 million, a price-to-earnings ratio of -0.63, a P/E/G ratio of -0.18 and a beta of 0.63. The company has a current ratio of 1.24, a quick ratio of 2.20 and a debt-to-equity ratio of 1.57. The firm’s 50 day moving average is GBX 28.45 and its two-hundred day moving average is GBX 32.57.

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.