Ferrexpo (LON:FXPO) Shares Up 13.5% - Here's Why

Ferrexpo plc (LON:FXPO - Get Free Report) shares were up 13.5% during trading on Saturday . The company traded as high as GBX 83.60 ($1.09) and last traded at GBX 83.50 ($1.09). Approximately 3,290,765 shares traded hands during trading, a decline of 48% from the average daily volume of 6,344,539 shares. The stock had previously closed at GBX 73.60 ($0.96).

Ferrexpo Stock Down 7.7 %

The firm has a market cap of £525.77 million, a price-to-earnings ratio of -9.51, a PEG ratio of -0.18 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of GBX 89.37 and a 200 day moving average of GBX 77.13.

Ferrexpo (LON:FXPO - Get Free Report) last issued its earnings results on Thursday, March 20th. The iron ore producer reported GBX (8.51) (($0.11)) EPS for the quarter. Ferrexpo had a negative net margin of 6.50% and a negative return on equity of 5.13%. As a group, sell-side analysts predict that Ferrexpo plc will post 3.7897311 earnings per share for the current year.

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.