Ferrexpo (LON:FXPO) Stock Price Up 18.4% – Here’s What Happened

Ferrexpo plc (LON:FXPO) shares traded up 18.4% during trading on Thursday . The stock traded as high as GBX 93.22 ($1.16) and last traded at GBX 87.16 ($1.08). 62,450,090 shares traded hands during trading, an increase of 1,117% from the average session volume of 5,132,542 shares. The stock had previously closed at GBX 73.60 ($0.91).

Ferrexpo Trading Up 9.4 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.11 and a quick ratio of 2.20. The company has a market capitalization of £569.43 million, a price-to-earnings ratio of -1,360.00, a P/E/G ratio of -0.18 and a beta of 1.26. The business’s 50-day moving average price is GBX 103.03 and its two-hundred day moving average price is GBX 71.34.

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.