Ferrexpo (LON:FXPO) Shares Down 10.2% – Here’s Why

Shares of Ferrexpo plc (LON:FXPO) were down 10.2% during trading on Tuesday . The company traded as low as GBX 93.07 ($1.16) and last traded at GBX 93.07 ($1.16). Approximately 2,926,794 shares traded hands during trading, an increase of 29% from the average daily volume of 2,261,869 shares. The stock had previously closed at GBX 103.60 ($1.29).

Ferrexpo Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.20 and a current ratio of 2.11. The company has a market capitalization of £478.51 million, a P/E ratio of -1,142.86, a P/E/G ratio of -0.18 and a beta of 1.26. The firm’s fifty day moving average is GBX 102.69 and its 200 day moving average is GBX 70.55.

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.