Ferrexpo (LON:FXPO) Stock Price Down 13% - Here's Why

Key Points

• Ferrexpo's stock price dropped by 13%, closing at GBX 51.50 ($0.70) after trading as low as GBX 51.05 ($0.69) during the day.
• Trading volume increased by 37% compared to its average daily volume, with approximately 5.4 million shares exchanged.
• The company produced 6.1 million tonnes of iron ore pellets in 2022, maintaining operations despite challenges posed by the ongoing war in Ukraine.

Ferrexpo plc (LON:FXPO - Get Free Report)'s share price was down 13% during trading on Wednesday . The stock traded as low as GBX 51.05 ($0.69) and last traded at GBX 51.50 ($0.70). Approximately 5,421,773 shares changed hands during trading, an increase of 37% from the average daily volume of 3,949,714 shares. The stock had previously closed at GBX 59.20 ($0.80).

Ferrexpo Price Performance

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 market cap of £393.40 million, a P/E ratio of -7.12, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a 50-day moving average of GBX 48.31 and a 200 day moving average of GBX 61.44.

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.