Ferrexpo (LON:FXPO) Shares Down 22.8% – Here’s Why

Ferrexpo plc (LON:FXPO) traded down 22.8% on Wednesday . The stock traded as low as GBX 50.30 ($0.63) and last traded at GBX 80 ($0.99). 11,269,184 shares traded hands during mid-day trading, an increase of 332% from the average session volume of 2,609,469 shares. The stock had previously closed at GBX 103.60 ($1.29).

Ferrexpo Trading Up 3.3 %

The stock has a market capitalization of £537.51 million, a P/E ratio of -1,283.77, 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 102.66 and a two-hundred day moving average price of GBX 70.83.

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.