Ferrexpo (LON:FXPO) Trading 10% Higher - Here's What Happened

Ferrexpo plc (LON:FXPO - Get Free Report)'s share price rose 10% during trading on Friday . The company traded as high as GBX 77.20 ($0.97) and last traded at GBX 76 ($0.96). Approximately 49,340,609 shares were traded during trading, an increase of 889% from the average daily volume of 4,988,514 shares. The stock had previously closed at GBX 69.10 ($0.87).

Ferrexpo Trading Down 1.1 %

The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of GBX 99.27 and a two-hundred day moving average of GBX 73.88. The firm has a market capitalization of £552.39 million, a P/E ratio of -9.99, 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.