Ferrexpo (LON:FXPO) Shares Down 13% - What's Next?

Key Points

• Ferrexpo shares fell 13% to a trading price of GBX 51.50 ($0.70) on Wednesday, with trading volume increasing by 37% compared to its average.
• The company has a current market capitalization of £380.83 million and notable financial ratios including a negative P/E ratio of -6.89.
• Despite challenges due to the war in Ukraine, Ferrexpo produced 6.1 million tonnes of high-grade iron ore pellets in 2022, supporting the global steel industry for over 50 years.

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

Ferrexpo Stock Down 13.0%

The company has a market cap of £380.83 million, a P/E ratio of -6.89, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The company's 50-day moving average is GBX 48.21 and its two-hundred day moving average is GBX 61.90.

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.

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