Ferrexpo (LON:FXPO) Stock Price Down 36.2% – Here’s What Happened

Ferrexpo plc (LON:FXPO) dropped 36.2% on Tuesday . The stock traded as low as GBX 50.30 ($0.63) and last traded at GBX 66.10 ($0.82). Approximately 147,524,375 shares traded hands during mid-day trading, an increase of 1,680% from the average daily volume of 8,286,769 shares. The stock had previously closed at GBX 103.60 ($1.29).

Ferrexpo Trading Down 22.8 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.11 and a quick ratio of 2.20. The business’s 50-day moving average price is GBX 102.69 and its two-hundred day moving average price is GBX 70.55. The company has a market capitalization of £478.51 million, a price-to-earnings ratio of -1,142.86, a P/E/G ratio of -0.18 and a beta of 1.26.

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.