Ferrexpo (LON:FXPO) Shares Up 10.3% – Here’s What Happened

Ferrexpo plc (LON:FXPO) was up 10.3% on Wednesday . The stock traded as high as GBX 78.50 ($1.01) and last traded at GBX 78 ($1.01). Approximately 15,282,438 shares changed hands during trading, an increase of 267% from the average daily volume of 4,161,361 shares. The stock had previously closed at GBX 70.70 ($0.91).

Ferrexpo Trading Down 3.8 %

The firm has a fifty day simple moving average of GBX 94.62 and a two-hundred day simple moving average of GBX 75.38. The firm has a market capitalization of £561.26 million, a P/E ratio of -10.15, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20.

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.