Ferrexpo (LON:FXPO) Shares Down 12.5% – Here’s Why

Ferrexpo plc (LON:FXPO)’s share price traded down 12.5% during trading on Wednesday . The stock traded as low as GBX 71.40 ($0.93) and last traded at GBX 71.40 ($0.93). 20,225,604 shares traded hands during trading, an increase of 214% from the average session volume of 6,435,615 shares. The stock had previously closed at GBX 81.60 ($1.06).

Ferrexpo Stock Down 11.8 %

The firm’s 50-day simple moving average is GBX 89.68 and its 200 day simple moving average is GBX 76.92. The company has a market cap of £532.17 million, a P/E ratio of -9.63, a PEG ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

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.