Ferrexpo (LON:FXPO) Shares Down 8.5% – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s share price was down 8.5% during mid-day trading on Tuesday . The company traded as low as GBX 33.10 and last traded at GBX 33.66. Approximately 7,673,462 shares traded hands during trading, an increase of 165% from the average daily volume of 2,896,374 shares. The stock had previously closed at GBX 36.80.

Ferrexpo Trading Down 8.5%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.20 and a current ratio of 1.53. The stock’s 50-day simple moving average is GBX 58.46 and its 200-day simple moving average is GBX 61.70. The firm has a market capitalization of £198.05 million, a PE ratio of -0.66, a P/E/G ratio of -0.18 and a beta of 0.86.

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.