Ferrexpo (LON:FXPO) Stock Price Up 13.3% – Should You Buy?

Ferrexpo plc (LON:FXPO – Get Free Report) was up 13.3% during mid-day trading on Friday. The company traded as high as GBX 32.88 and last traded at GBX 32.48. 2,550,186 shares changed hands during trading, a decline of 1% from the average session volume of 2,572,801 shares. The stock had previously closed at GBX 28.66.

Ferrexpo Stock Up 13.3%

The firm’s 50-day moving average price is GBX 28.45 and its 200 day moving average price is GBX 32.57. The firm has a market cap of £191.11 million, a P/E ratio of -0.63, a PEG ratio of -0.18 and a beta of 0.63. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.24 and a quick ratio of 2.20.

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Ferrexpo Company Profile

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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.

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