Ferrexpo (LON:FXPO) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Ferrexpo plc (LON:FXPO)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 65.15 ($0.79) and traded as high as GBX 101.80 ($1.24). Ferrexpo shares last traded at GBX 98.40 ($1.20), with a volume of 1,081,372 shares traded.

Ferrexpo Trading Up 5.2 %

The business has a 50-day moving average price of GBX 96.79 and a 200-day moving average price of GBX 66.35. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of £638.22 million, a P/E ratio of -1,524.29, a PEG 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.