Ferrexpo (LON:FXPO) Stock Price Up 16% – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s share price was up 16% during trading on Monday . The company traded as high as GBX 113.08 ($1.42) and last traded at GBX 111.82 ($1.41). Approximately 12,271,222 shares changed hands during mid-day trading, an increase of 252% from the average daily volume of 3,488,420 shares. The stock had previously closed at GBX 96.40 ($1.21).

Ferrexpo Stock Up 16.0 %

The business has a fifty day moving average price of GBX 101.68 and a two-hundred day moving average price of GBX 72.63. The firm has a market cap of £826.74 million, a PE ratio of -14.96, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20.

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.