Ferrexpo (LON:FXPO) Trading 16% Higher – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s share price shot up 16% on Monday . The company traded as high as GBX 113.08 ($1.43) and last traded at GBX 111.82 ($1.41). 12,271,222 shares traded hands during trading, an increase of 252% from the average session volume of 3,488,420 shares. The stock had previously closed at GBX 96.40 ($1.22).

Ferrexpo Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The stock has a fifty day simple moving average of GBX 101.44 and a two-hundred day simple moving average of GBX 73.17. The stock has a market capitalization of £725.84 million, a price-to-earnings ratio of -13.13, a P/E/G ratio of -0.18 and a beta of 1.26.

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.