Ferrexpo (LON:FXPO) Trading Up 12.7% – Time to Buy?

Ferrexpo plc (LON:FXPO) rose 12.7% on Monday . The stock traded as high as GBX 109 ($1.38) and last traded at GBX 108.64 ($1.37). Approximately 10,641,993 shares changed hands during mid-day trading, an increase of 209% from the average daily volume of 3,439,050 shares. The stock had previously closed at GBX 96.40 ($1.22).

Ferrexpo Stock Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The firm has a market cap of £725.84 million, a price-to-earnings ratio of -13.13, a P/E/G ratio of -0.18 and a beta of 1.26. The firm has a fifty day simple moving average of GBX 101.44 and a two-hundred day simple moving average of GBX 73.17.

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.