Ferrexpo (LON:FXPO) Stock Price Down 11.3% – Here’s Why

Shares of Ferrexpo plc (LON:FXPO) fell 11.3% during mid-day trading on Wednesday . The stock traded as low as GBX 38 and last traded at GBX 42.80. 30,724,500 shares were traded during trading, an increase of 906% from the average session volume of 3,055,244 shares. The stock had previously closed at GBX 48.25.

Ferrexpo Price Performance

The firm has a market cap of £251.83 million, a PE ratio of -0.84, a price-to-earnings-growth ratio of -0.18 and a beta of 0.86. The stock has a 50 day simple moving average of GBX 62.44 and a two-hundred day simple moving average of GBX 62.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.20 and a current ratio of 1.53.

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.