Ferrexpo (LON:FXPO) Reaches New 1-Year Low – Here’s Why

Shares of Ferrexpo plc (LON:FXPO) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 36.50 and last traded at GBX 36.80, with a volume of 53585602 shares changing hands. The stock had previously closed at GBX 42.45.

Ferrexpo Trading Down 13.3%

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.53 and a quick ratio of 2.20. The business’s fifty day simple moving average is GBX 61.92 and its 200 day simple moving average is GBX 62.14. The stock has a market cap of £216.53 million, a price-to-earnings ratio of -0.72, a P/E/G ratio of -0.18 and a beta of 0.86.

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.