Ferrexpo (LON:FXPO) Trading Down 25.7% – Here’s What Happened

Ferrexpo plc (LON:FXPO) was down 25.7% during trading on Thursday . The stock traded as low as GBX 69.20 ($0.87) and last traded at GBX 73.76 ($0.93). Approximately 35,099,383 shares traded hands during mid-day trading, an increase of 737% from the average daily volume of 4,192,393 shares. The stock had previously closed at GBX 99.30 ($1.25).

Ferrexpo Trading Up 11.4 %

The company has a market cap of £569.40 million, a price-to-earnings ratio of -10.30, a P/E/G 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. The firm has a fifty day moving average price of GBX 99.87 and a 200 day moving average price of GBX 73.71.

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.