Ferrexpo (LON:FXPO) Shares Down 10% – What’s Next?

Ferrexpo plc (LON:FXPO)’s share price dropped 10% during mid-day trading on Wednesday . The company traded as low as GBX 69.50 ($0.90) and last traded at GBX 73.40 ($0.95). Approximately 22,905,299 shares were traded during mid-day trading, an increase of 253% from the average daily volume of 6,484,337 shares. The stock had previously closed at GBX 81.60 ($1.06).

Ferrexpo Stock Performance

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 has a market capitalization of £541.30 million, a PE ratio of -9.79, a PEG ratio of -0.18 and a beta of 1.26. The stock’s fifty day simple moving average is GBX 89.68 and its 200-day simple moving average is GBX 76.92.

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.