Ferrexpo plc (OTCMKTS:FEEXF – Get Free Report)’s stock price dropped 30% during mid-day trading on Wednesday. The stock traded as low as $0.35 and last traded at $0.35. 11,713 shares traded hands during mid-day trading, an increase of 127% from the average session volume of 5,163 shares. The stock had previously closed at $0.50.
Ferrexpo Stock Performance
The business has a fifty day moving average price of $0.52 and a 200 day moving average price of $0.48.
Ferrexpo Company Profile
Ferrexpo plc is a mining and metals company focused on the production and sale of iron ore products. The company primarily produces high-grade iron ore pellets, which are used by steelmakers as a feedstock for blast furnaces and direct-reduced iron production. It also produces iron ore concentrate and related products.
Ferrexpo’s operations are based in central Ukraine’s Poltava region, where the company mines magnetite ore from deposits associated with the Kremenchuk magnetic anomaly.
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