Ferrexpo (LON:FXPO) Stock Price Down 22.8% – Here’s What Happened

Ferrexpo plc (LON:FXPO) shares dropped 22.8% during trading on Tuesday . The company traded as low as GBX 50.30 ($0.63) and last traded at GBX 80 ($1.00). Approximately 11,269,184 shares traded hands during mid-day trading, an increase of 332% from the average daily volume of 2,609,469 shares. The stock had previously closed at GBX 103.60 ($1.29).

Ferrexpo Stock Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.20 and a current ratio of 2.11. The stock’s 50-day moving average is GBX 102.69 and its 200 day moving average is GBX 70.55. The firm has a market cap of £478.51 million, a P/E ratio of -1,142.86, a PEG ratio of -0.18 and a beta of 1.26.

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.