Ferrexpo (LON:FXPO) Stock Price Down 10.8% – Here’s What Happened

Shares of Ferrexpo plc (LON:FXPO) dropped 10.8% during mid-day trading on Wednesday . The stock traded as low as GBX 69.50 ($0.90) and last traded at GBX 72.80 ($0.95). Approximately 23,110,115 shares changed hands during mid-day trading, an increase of 256% from the average daily volume of 6,488,061 shares. The stock had previously closed at GBX 81.60 ($1.06).

Ferrexpo Stock Down 10.8 %

The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average is GBX 89.68 and its 200-day moving average is GBX 76.92. The company has a market cap of £538.34 million, a PE ratio of -9.74, a PEG ratio of -0.18 and a beta of 1.26.

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.