Ferro-Alloy Resources (LON:FAR) Trading Up 11.9% – Time to Buy?

Ferro-Alloy Resources Limited (LON:FARGet Free Report)’s stock price rose 11.9% during mid-day trading on Monday . The company traded as high as GBX 9.86 and last traded at GBX 9.62. Approximately 5,997,067 shares traded hands during trading, an increase of 150% from the average daily volume of 2,394,107 shares. The stock had previously closed at GBX 8.60.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a research report on Monday, January 19th.

Check Out Our Latest Research Report on FAR

Ferro-Alloy Resources Stock Up 11.9%

The firm’s 50-day moving average price is GBX 6.99 and its 200 day moving average price is GBX 7.49. The company has a market capitalization of £53.79 million, a price-to-earnings ratio of -5.12 and a beta of 0.79. The company has a current ratio of 1.98, a quick ratio of 0.45 and a debt-to-equity ratio of 226.87.

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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