Ferro-Alloy Resources (LON:FAR) Trading Down 4.3% – What’s Next?

Posted by Adam Masters on Dec 13th, 2024

Ferro-Alloy Resources Limited (LON:FAR – Get Free Report)’s stock price was down 4.3% during mid-day trading on Friday . The stock traded as low as GBX 9.62 ($0.12) and last traded at GBX 9.90 ($0.13). Approximately 2,034,834 shares changed hands during trading, an increase of 135% from the average daily volume of 865,593 shares. The stock had previously closed at GBX 10.35 ($0.13).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of Ferro-Alloy Resources in a research report on Monday, December 2nd.

Get Our Latest Analysis on FAR

Ferro-Alloy Resources Price Performance

The business’s 50-day moving average is GBX 3.92 and its two-hundred day moving average is GBX 5.21. The company has a market capitalization of £44.46 million, a P/E ratio of -1,035.00 and a beta of 0.79. The company has a quick ratio of 0.45, a current ratio of 1.98 and a debt-to-equity ratio of 226.87.

Ferro-Alloy Resources Company Profile

(Get Free Report)

Ferro-Alloy Resources Limited engages in mining, processing, and selling vanadium and related by-products in the Republic of Kazakhstan. The company explores for uranium, molybdenum, aluminum, rare earth metals, potassium, nickel, and carbon deposits. It primarily holds an interest in the Balasausqandiq vanadium/polymetallic mineral deposit located in southern Kazakhstan.