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

Ferrexpo plc (LON:FXPO)’s share price traded down 22.6% during trading on Thursday . The stock traded as low as GBX 73.18 ($0.92) and last traded at GBX 76.90 ($0.97). 14,500,614 shares changed hands during trading, an increase of 301% from the average session volume of 3,620,205 shares. The stock had previously closed at GBX 99.30 ($1.25).

Ferrexpo Price Performance

The firm 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 current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of GBX 99.87 and a 200 day moving average of GBX 73.71.

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.