Ferrexpo (LON:FXPO) Shares Down 13% – Here’s Why

Ferrexpo plc (LON:FXPO)’s share price traded down 13% during mid-day trading on Wednesday . The company traded as low as GBX 51.05 ($0.69) and last traded at GBX 51.50 ($0.70). 5,421,773 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 3,949,714 shares. The stock had previously closed at GBX 59.20 ($0.80).

Ferrexpo Stock Performance

The stock has a market cap of £375.66 million, a price-to-earnings ratio of -6.80, a P/E/G 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 company has a 50 day simple moving average of GBX 48.27 and a 200 day simple moving average of GBX 61.82.

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.