Ferrexpo (LON:FXPO) Stock Price Up 24.1% – What’s Next?

Ferrexpo plc (LON:FXPO)’s share price shot up 24.1% on Thursday . The stock traded as high as GBX 91.70 ($1.14) and last traded at GBX 91.32 ($1.13). 60,722,293 shares changed hands during mid-day trading, an increase of 1,099% from the average session volume of 5,066,087 shares. The stock had previously closed at GBX 73.60 ($0.91).

Ferrexpo Stock Up 9.4 %

The company has a market cap of £569.43 million, a price-to-earnings ratio of -1,360.00, a PEG ratio of -0.18 and a beta of 1.26. The business has a fifty day moving average of GBX 102.75 and a two-hundred day moving average of GBX 71.06. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.34.

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.