Ferro-Alloy Resources (LON:FAR) Stock Price Up 7% – What’s Next?

Ferro-Alloy Resources Limited (LON:FAR) rose 7% during mid-day trading on Monday . The stock traded as high as GBX 7.71 and last traded at GBX 7.40. Approximately 1,421,368 shares changed hands during mid-day trading, an increase of 43% from the average daily volume of 992,820 shares. The stock had previously closed at GBX 6.92.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Tuesday, November 4th.

Ferro-Alloy Resources Price Performance

The company’s 50-day moving average is GBX 7.84 and its 200-day moving average is GBX 7.85. The firm has a market capitalization of £39.80 million, a price-to-earnings ratio of -4.15 and a beta of 0.79. The company has a debt-to-equity ratio of 226.87, a current ratio of 1.98 and a quick ratio of 0.45.

Ferro-Alloy Resources Company Profile

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.