Ferrexpo (LON:FXPO) Trading Down 13% - Here's What Happened

Key Points

• Ferrexpo plc shares fell by 13% on Wednesday, trading as low as GBX 51.05 ($0.69), with approximately 5.4 million shares traded, marking a 37% increase from average daily volume.
• The company has a debt-to-equity ratio of 0.33 and a market cap of £375.66 million, indicating a challenging financial environment reflected in a negative P/E ratio of -6.80.
• Despite the ongoing conflict in Ukraine, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, maintaining its pivotal role in the global steel industry.

Shares of Ferrexpo plc (LON:FXPO - Get Free Report) fell 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 mid-day 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 1.5%

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 stock has a market capitalization of £387.49 million, a PE ratio of -7.01, a PEG ratio of -0.18 and a beta of 1.26. The business has a 50 day moving average of GBX 48.43 and a two-hundred day moving average of GBX 60.43.

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.