Ferrexpo (LON:FXPO) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Ferrexpo plc (LON:FXPO)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 67.65 ($0.84) and traded as high as GBX 108.40 ($1.35). Ferrexpo shares last traded at GBX 105.60 ($1.32), with a volume of 2,346,248 shares.

Ferrexpo Trading Up 0.6 %

The firm has a market cap of £635.22 million, a P/E ratio of -1,517.14, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.20 and a current ratio of 2.11. The stock has a fifty day simple moving average of GBX 99.36 and a 200 day simple moving average of GBX 68.47.

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.