Ferrexpo (LON:FXPO) Stock Price Down 22.6% – Here’s Why

Shares of Ferrexpo plc (LON:FXPO) dropped 22.6% during mid-day trading on Thursday . The company traded as low as GBX 73.18 ($0.92) and last traded at GBX 76.90 ($0.97). Approximately 14,500,614 shares traded hands during trading, an increase of 301% from the average daily volume of 3,620,205 shares. The stock had previously closed at GBX 99.30 ($1.25).

Ferrexpo Stock Performance

The stock has a fifty day simple moving average of GBX 99.87 and a 200-day simple moving average of GBX 73.71. The stock has a market cap of £569.40 million, a P/E ratio of -10.30, a PEG ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

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.