Ferrexpo (LON:FXPO) Shares Down 5.6% – Here’s Why

Shares of Ferrexpo plc (LON:FXPO) fell 5.6% during trading on Tuesday . The company traded as low as GBX 98.70 ($1.22) and last traded at GBX 101.60 ($1.26). 1,854,536 shares were traded during trading, an increase of 43% from the average session volume of 1,294,812 shares. The stock had previously closed at GBX 107.60 ($1.33).

Ferrexpo Stock Up 2.1 %

The firm has a 50-day moving average price of GBX 92.45 and a two-hundred day moving average price of GBX 63.74. The company has a market capitalization of £566.70 million, a P/E ratio of -1,353.47, a PEG 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 0.34.

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.