Ferro-Alloy Resources (LON:FAR) Shares Down 2.2% – Here’s What Happened

Ferro-Alloy Resources Limited (LON:FAR) shares were down 2.2% during trading on Friday . The company traded as low as GBX 3.72 and last traded at GBX 3.72. Approximately 656,342 shares were traded during trading, a decline of 62% from the average session volume of 1,723,422 shares. The stock had previously closed at GBX 3.80.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FAR shares. Panmure Gordon reissued a “buy” rating and set a GBX 30 price target on shares of Ferro-Alloy Resources in a report on Friday, May 1st. Shore Capital Group reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Ferro-Alloy Resources presently has a consensus rating of “Buy” and an average target price of GBX 30.

Ferro-Alloy Resources Stock Down 2.2%

The company has a market cap of £21.84 million, a price-to-earnings ratio of -2.19 and a beta of 0.82. The stock has a 50-day simple moving average of GBX 4.35 and a 200-day simple moving average of GBX 5.56. The company has a current ratio of 0.31, a quick ratio of 0.45 and a debt-to-equity ratio of -646.68.

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.