Ferrexpo (LON:FXPO) Shares Down 9.2% – Here’s Why

Ferrexpo plc (LON:FXPO) fell 9.2% during trading on Wednesday . The company traded as low as GBX 25.64 and last traded at GBX 26.74. 28,310,129 shares changed hands during mid-day trading, an increase of 67% from the average session volume of 16,974,885 shares. The stock had previously closed at GBX 29.46.

Ferrexpo Stock Down 9.2%

The company has a current ratio of 1.75, a quick ratio of 2.20 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of £157.34 million, a PE ratio of -0.52, a P/E/G ratio of -0.18 and a beta of 0.63. The stock’s fifty day simple moving average is GBX 28.61 and its 200-day simple moving average is GBX 35.15.

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.