Ferrexpo (LON:FXPO) Trading Down 7.9% – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s share price traded down 7.9% during mid-day trading on Wednesday . The stock traded as low as GBX 98.40 ($1.21) and last traded at GBX 99.10 ($1.22). 2,716,206 shares were traded during trading, an increase of 76% from the average session volume of 1,546,175 shares. The stock had previously closed at GBX 107.60 ($1.32).

Ferrexpo Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.11 and a quick ratio of 2.20. The company has a market capitalization of £568.83 million, a PE ratio of -1,358.57, a P/E/G ratio of -0.18 and a beta of 1.26. The business’s 50 day simple moving average is GBX 93.01 and its 200 day simple moving average is GBX 64.10.

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.