Ferrexpo (LON:FXPO) Stock Price Down 7.9% – Here’s Why

Ferrexpo plc (LON:FXPO) was down 7.9% during mid-day trading on Tuesday . The company traded as low as GBX 98.40 ($1.23) and last traded at GBX 99.10 ($1.24). Approximately 2,716,206 shares traded hands during mid-day trading, an increase of 76% from the average daily volume of 1,546,175 shares. The stock had previously closed at GBX 107.60 ($1.35).

Ferrexpo Trading Down 7.9 %

The stock has a market capitalization of £592.76 million, a P/E ratio of -1,415.71, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of GBX 91.10 and a two-hundred day moving average price of GBX 63.01.

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.