Ferrexpo (LON:FXPO) Stock Falls 8.5% – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s stock price fell 8.5% during trading on Tuesday. The company traded as low as GBX 30.10 and last traded at GBX 30.70. 10,901,737 shares traded hands during mid-day trading, an increase of 252% from the average session volume of 3,101,094 shares. The stock had previously closed at GBX 33.56.

Ferrexpo Trading Down 8.5%

The company has a quick ratio of 2.20, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of £180.64 million, a P/E ratio of -0.60, a P/E/G ratio of -0.18 and a beta of 0.63. The firm’s 50 day simple moving average is GBX 28.63 and its two-hundred day simple moving average is GBX 32.30.

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.