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) before recovering slightly to GBX 51.50 ($0.70).
• The stock's market cap stands at £380.83 million, with a P/E ratio of -6.89 and a beta of 1.26, indicating some volatility.
• Despite ongoing challenges, including the war in Ukraine, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, highlighting its significant role in the global steel industry.

Shares of Ferrexpo plc (LON:FXPO - Get Free Report) dropped 13% 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 traded 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 Trading Down 1.5%

The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The stock's fifty day moving average price is GBX 48.48 and its two-hundred day moving average price is GBX 60.02. The company has a market capitalization of £387.49 million, a PE ratio of -7.01, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26.

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.