Ferro-Alloy Resources (LON:FAR) Stock Price Up 22.1%

Ferro-Alloy Resources Limited (LON:FAR)’s stock price traded up 22.1% on Tuesday . The stock traded as high as GBX 6.51 ($0.08) and last traded at GBX 6.50 ($0.08). 503,133 shares were traded during mid-day trading, an increase of 49% from the average session volume of 338,327 shares. The stock had previously closed at GBX 5.33 ($0.07).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Ferro-Alloy Resources in a research report on Friday, April 26th.

Ferro-Alloy Resources Trading Up 22.1 %

The business has a 50-day simple moving average of GBX 4.80 and a two-hundred day simple moving average of GBX 6.52. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.83 and a quick ratio of 0.45. The stock has a market cap of £31.41 million, a price-to-earnings ratio of -532.50 and a beta of 0.90.

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.