Ferrexpo (LON:FXPO) Shares Down 17.9% – Here’s Why

Ferrexpo plc (LON:FXPO)’s stock price was down 17.9% on Thursday . The stock traded as low as GBX 72.70 ($0.92) and last traded at GBX 81.50 ($1.03). Approximately 22,753,494 shares were traded during trading, an increase of 491% from the average daily volume of 3,849,452 shares. The stock had previously closed at GBX 99.30 ($1.25).

Ferrexpo Stock Up 11.4 %

The stock has a market capitalization of £569.40 million, a price-to-earnings ratio of -10.30, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of GBX 99.87 and a two-hundred day moving average of GBX 73.71.

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.