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Ferrexpo (LON:FXPO) Trading Up 10.3% - Here's Why

Ferrexpo logo with Basic Materials background

Shares of Ferrexpo plc (LON:FXPO - Get Free Report) shot up 10.3% during trading on Wednesday . The stock traded as high as GBX 65.47 ($0.85) and last traded at GBX 65.10 ($0.84). 3,197,441 shares changed hands during trading, an increase of 61% from the average session volume of 1,982,074 shares. The stock had previously closed at GBX 59 ($0.77).

Ferrexpo Stock Up 3.4 %

The firm has a fifty day moving average price of GBX 46.41 and a 200 day moving average price of GBX 48.08. The company has a market cap of £402.55 million, a P/E ratio of -961.43, 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 0.34.

About Ferrexpo

(Get Free Report)

Ferrexpo plc, together with its subsidiaries, mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry. It operates two mines and a processing plant near Kremenchug in Ukraine; a port in Odessa; a fleet of vessels operating on the Rhine and Danube waterways; and an ocean-going vessel, which provides top-off services.

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