Ferrexpo (LON:FXPO) Releases Quarterly Earnings Results

Ferrexpo (LON:FXPO) posted its quarterly earnings results on Thursday. The iron ore producer reported GBX (8.51) (($0.11)) earnings per share for the quarter, Digital Look Earnings reports. Ferrexpo had a negative return on equity of 5.13% and a negative net margin of 6.50%.

Ferrexpo Stock Performance

LON:FXPO opened at GBX 74.10 ($0.96) on Thursday. The company’s 50-day moving average price is GBX 89.37 and its 200-day moving average price is GBX 77.13. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The company has a market cap of £547.95 million, a P/E ratio of -9.91, a P/E/G ratio of -0.18 and a beta of 1.26. Ferrexpo has a twelve month low of GBX 38.15 ($0.50) and a twelve month high of GBX 124 ($1.61).

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.