Ferrexpo (LON:FXPO) Trading Up 13.2% – Here’s Why

Ferrexpo plc (LON:FXPO)’s stock price traded up 13.2% during mid-day trading on Thursday . The stock traded as high as GBX 113.60 ($1.41) and last traded at GBX 102.80 ($1.28). 168,911,641 shares traded hands during trading, an increase of 1,931% from the average session volume of 8,314,754 shares. The stock had previously closed at GBX 90.80 ($1.13).

Ferrexpo Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.20 and a current ratio of 2.11. The stock has a market capitalization of £614.89 million, a PE ratio of -1,468.57, a P/E/G ratio of -0.18 and a beta of 1.26. The company’s fifty day simple moving average is GBX 102.92 and its two-hundred day simple moving average is GBX 71.83.

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.