Ferrexpo (LON:FXPO) Stock Price Up 20.4% – Here’s What Happened

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

Ferrexpo Trading Up 20.4%

The business has a 50 day moving average of GBX 58.46 and a 200-day moving average of GBX 61.70. The stock has a market cap of £238.54 million, a PE ratio of -0.79, a price-to-earnings-growth 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.

Ferrexpo Company Profile

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.