Ferro-Alloy Resources (LON:FAR) Stock Price Down 0.4% – Here’s Why

Shares of Ferro-Alloy Resources Limited (LON:FARGet Free Report) fell 0.4% during mid-day trading on Friday . The stock traded as low as GBX 4.80 and last traded at GBX 4.93. 600,793 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 1,994,563 shares. The stock had previously closed at GBX 4.95.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on FAR

Ferro-Alloy Resources Stock Down 0.4%

The firm has a 50 day moving average price of GBX 5.47 and a two-hundred day moving average price of GBX 6.53. The company has a quick ratio of 0.45, a current ratio of 0.31 and a debt-to-equity ratio of -646.68. The company has a market capitalization of £28.98 million, a price-to-earnings ratio of -2.90 and a beta of 0.84.

Insider Activity at Ferro-Alloy Resources

In other news, insider James Turian sold 512,765 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of GBX 535, for a total transaction of £2,743,292.75. Company insiders own 50.99% of the company’s stock.

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

Further Reading

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