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

Ferrexpo plc (LON:FXPO)’s stock price dropped 7.9% during mid-day trading on Tuesday . The stock traded as low as GBX 98.40 ($1.22) and last traded at GBX 99.10 ($1.22). Approximately 2,716,206 shares changed hands during trading, an increase of 76% from the average daily volume of 1,546,175 shares. The stock had previously closed at GBX 107.60 ($1.33).

Ferrexpo Stock Performance

The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.34. The company has a market capitalization of £569.43 million, a PE ratio of -1,360.00, a PEG ratio of -0.18 and a beta of 1.26. The business has a 50 day simple moving average of GBX 92.45 and a 200 day simple moving average of GBX 63.74.

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.