Ferrexpo (LON:FXPO) Stock Price Up 17.8% – Should You Buy?

Shares of Ferrexpo plc (LON:FXPO) shot up 17.8% during trading on Thursday . The company traded as high as GBX 113.60 ($1.41) and last traded at GBX 107 ($1.33). 166,979,766 shares were traded during trading, an increase of 1,923% from the average session volume of 8,252,435 shares. The stock had previously closed at GBX 90.80 ($1.13).

Ferrexpo Price Performance

The firm has a market cap of £617.64 million, a P/E ratio of -1,475.14, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The stock’s 50-day moving average is GBX 102.92 and its 200-day moving average is GBX 71.83. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.34.

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.