Ferrexpo (LON:FXPO) Shares Down 7.7% – Here’s What Happened

Ferrexpo plc (LON:FXPO) was down 7.7% during trading on Tuesday . The company traded as low as GBX 98.40 ($1.23) and last traded at GBX 99.30 ($1.24). Approximately 33,206,457 shares were traded during trading, an increase of 262% from the average daily volume of 9,168,738 shares. The stock had previously closed at GBX 107.60 ($1.35).

Ferrexpo Price Performance

The firm has a 50 day moving average price of GBX 91.10 and a two-hundred day moving average price of GBX 63.01. The company has a market cap of £592.76 million, a P/E ratio of -1,415.71, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.20 and a current ratio of 2.11.

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.