Ferrexpo (LON:FXPO) Shares Cross Above 200 Day Moving Average – Here’s Why

Ferrexpo plc (LON:FXPO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 65.15 ($0.80) and traded as high as GBX 101.80 ($1.25). Ferrexpo shares last traded at GBX 98.40 ($1.20), with a volume of 1,081,372 shares.

Ferrexpo Stock Up 0.9 %

The firm has a market cap of £593.73 million, a P/E ratio of -1,418.03, a P/E/G ratio of -0.18 and a beta of 1.26. The firm’s fifty day moving average is GBX 94.84 and its 200 day moving average is GBX 65.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.20 and a current ratio of 2.11.

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.