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

Key Points

• Ferrexpo plc shares fell by 13% on Wednesday, trading as low as GBX 51.05 ($0.69) before closing at GBX 51.50 ($0.70).
• The trading volume increased significantly to approximately 5.4 million shares, marking a 37% rise from the average daily volume.
• Despite ongoing challenges, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, continuing its supply to the global steel industry for over 50 years.

Ferrexpo plc (LON:FXPO - ) shares were down 13% during trading on Wednesday . The company traded as low as GBX 51.05 ($0.69) and last traded at GBX 51.50 ($0.70). Approximately 5,421,773 shares were traded 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 Stock Down 13.0%

The firm has a market cap of £380.83 million, a P/E ratio of -6.89, a PEG ratio of -0.18 and a beta of 1.26. The stock's 50-day simple moving average is GBX 48.21 and its 200 day simple moving average is GBX 61.90. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33.

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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