Ferrexpo (LON:FXPO) Stock Price Up 2.7% – Time to Buy?

Ferrexpo plc (LON:FXPO)’s stock price shot up 2.7% during mid-day trading on Tuesday . The stock traded as high as GBX 33.90 and last traded at GBX 30. 50,495,660 shares were traded during mid-day trading, an increase of 1,263% from the average daily volume of 3,705,891 shares. The stock had previously closed at GBX 29.20.

Ferrexpo Stock Down 2.5%

The company has a market capitalization of £153.45 million, a P/E ratio of -0.51, a price-to-earnings-growth ratio of -0.18 and a beta of 0.63. The company has a 50-day moving average of GBX 28.57 and a two-hundred day moving average of GBX 34.83. The company has a quick ratio of 2.20, a current ratio of 1.75 and a debt-to-equity ratio of 0.55.

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.