Ferrexpo (LON:FXPO) Stock Price Up 24.1% – Still a Buy?

Ferrexpo plc (LON:FXPO) rose 24.1% on Thursday . The stock traded as high as GBX 91.70 ($1.15) and last traded at GBX 91.32 ($1.14). Approximately 60,722,293 shares changed hands during trading, an increase of 1,099% from the average daily volume of 5,066,087 shares. The stock had previously closed at GBX 73.60 ($0.92).

Ferrexpo Stock Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.20 and a current ratio of 2.11. The company has a market cap of £521.31 million, a P/E ratio of -1,245.09, a P/E/G ratio of -0.18 and a beta of 1.26. The firm has a 50 day moving average price of GBX 102.66 and a 200-day moving average price of GBX 70.83.

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.