Ferrexpo (LON:FXPO) Trading 13.8% Higher – Still a Buy?

Shares of Ferrexpo plc (LON:FXPO) traded up 13.8% on Friday . The company traded as high as GBX 81.50 ($1.03) and last traded at GBX 78.63 ($1.00). 51,805,129 shares traded hands during trading, an increase of 925% from the average session volume of 5,055,122 shares. The stock had previously closed at GBX 69.10 ($0.88).

Ferrexpo Stock Up 14.0 %

The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The firm has a market cap of £582.62 million, a PE ratio of -10.54, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The stock has a fifty day simple moving average of GBX 100.43 and a two-hundred day simple moving average of GBX 73.55.

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.