James Turian Sells 512,765 Shares of Ferro-Alloy Resources (LON:FAR) Stock

Ferro-Alloy Resources Limited (LON:FAR) insider James Turian sold 512,765 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 535, for a total transaction of £2,743,292.75.

Ferro-Alloy Resources Price Performance

FAR opened at GBX 5.12 on Wednesday. The company has a debt-to-equity ratio of -535.44, a quick ratio of 0.45 and a current ratio of 1.17. The stock has a market capitalization of £30.09 million, a P/E ratio of -2.72 and a beta of 0.87. The company’s 50-day simple moving average is GBX 6.53 and its two-hundred day simple moving average is GBX 6.75. Ferro-Alloy Resources Limited has a 52-week low of GBX 4.80 and a 52-week high of GBX 15.

Analysts Set New Price Targets

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

About Ferro-Alloy Resources

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.