Ferro-Alloy Resources (LON:FAR) Sets New 52-Week Low – Here’s What Happened

Ferro-Alloy Resources Limited (LON:FAR) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 4.40 and last traded at GBX 4.50, with a volume of 906000 shares traded. The stock had previously closed at GBX 4.50.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Shore Capital Group reaffirmed a “house stock” rating on shares of Ferro-Alloy Resources in a report on Thursday, April 30th. Panmure Gordon reissued a “buy” rating and issued a GBX 30 price target on shares of Ferro-Alloy Resources in a research note on Friday, May 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 30.

Ferro-Alloy Resources Stock Performance

The company has a debt-to-equity ratio of -646.68, a current ratio of 0.31 and a quick ratio of 0.45. The company has a fifty day moving average of GBX 4.85 and a 200-day moving average of GBX 6.12. The firm has a market capitalization of £26.45 million, a PE ratio of -2.65 and a beta of 0.84.

Insiders Place Their Bets

In other Ferro-Alloy Resources news, insider James Turian sold 512,765 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of GBX 535, for a total value of £2,743,292.75. 47.07% of the stock is currently owned by insiders.

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. The company was incorporated in 2000 and is based in Saint Peter Port, the United Kingdom.