Ferrexpo (LON:FXPO) Stock Falls 8.5% – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s share price was down 8.5% during trading on Tuesday. The company traded as low as GBX 30.10 and last traded at GBX 30.70. Approximately 10,901,737 shares were traded during mid-day trading, an increase of 252% from the average session volume of 3,101,094 shares. The stock had previously closed at GBX 33.56.

Ferrexpo Stock Performance

The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 2.20. The company has a fifty day moving average price of GBX 28.63 and a 200 day moving average price of GBX 32.30. The stock has a market cap of £180.64 million, a P/E ratio of -0.60, a P/E/G ratio of -0.18 and a beta of 0.63.

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.