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

Shares of Ferrexpo plc (LON:FXPO) dropped 7.7% during mid-day trading on Tuesday . The stock traded as low as GBX 98.40 ($1.22) and last traded at GBX 99.30 ($1.23). Approximately 33,206,457 shares were traded during mid-day trading, an increase of 262% from the average daily volume of 9,168,738 shares. The stock had previously closed at GBX 107.60 ($1.33).

Ferrexpo Trading Up 2.6 %

The company has a 50 day moving average of GBX 92.45 and a 200-day moving average of GBX 63.74. The stock has a market cap of £569.43 million, a price-to-earnings ratio of -1,360.00, a price-to-earnings-growth 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.