Ferrexpo (LON:FXPO) Trading Up 14% – Here’s Why

Ferrexpo plc (LON:FXPO)’s share price was up 14% during trading on Friday . The stock traded as high as GBX 81.50 ($1.03) and last traded at GBX 78.79 ($1.00). Approximately 52,022,230 shares changed hands during trading, an increase of 928% from the average daily volume of 5,060,990 shares. The stock had previously closed at GBX 69.10 ($0.87).

Ferrexpo Stock Up 11.4 %

The firm has a 50-day moving average of GBX 99.87 and a 200 day moving average of GBX 73.71. The stock has a market capitalization of £569.40 million, a price-to-earnings ratio of -10.30, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33.

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.