Ferrexpo (LON:FXPO) Shares Down 22.6% – Time to Sell?

Ferrexpo plc (LON:FXPO) shares were down 22.6% during mid-day trading on Thursday . The stock traded as low as GBX 73.18 ($0.92) and last traded at GBX 76.90 ($0.97). Approximately 14,500,614 shares changed hands during trading, an increase of 301% from the average daily volume of 3,620,205 shares. The stock had previously closed at GBX 99.30 ($1.25).

Ferrexpo Stock Down 19.1 %

The firm has a 50 day moving average of GBX 101.44 and a 200-day moving average of GBX 73.17. 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 stock has a market capitalization of £594.18 million, a P/E ratio of -10.75, 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.