Ferrexpo (LON:FXPO) Shares Up 20.4% – Should You Buy?

Ferrexpo plc (LON:FXPO)’s stock price was up 20.4% during mid-day trading on Wednesday . The company traded as high as GBX 40.90 and last traded at GBX 40.54. Approximately 5,389,495 shares changed hands during mid-day trading, an increase of 84% from the average daily volume of 2,934,204 shares. The stock had previously closed at GBX 33.66.

Ferrexpo Price Performance

The company has a market capitalization of £238.54 million, a price-to-earnings ratio of -0.79, a PEG ratio of -0.18 and a beta of 0.89. The company has a current ratio of 1.53, a quick ratio of 2.20 and a debt-to-equity ratio of 0.37. The company’s 50 day simple moving average is GBX 58.46 and its 200-day simple moving average is GBX 61.70.

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.