Ferro-Alloy Resources Limited (LON:FAR – Get Free Report) dropped 0.4% during mid-day trading on Friday . The stock traded as low as GBX 4.80 and last traded at GBX 4.93. Approximately 600,793 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 1,994,563 shares. The stock had previously closed at GBX 4.95.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on FAR shares. Panmure Gordon reissued 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 report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 30.
Read Our Latest Stock Analysis on FAR
Ferro-Alloy Resources Trading Down 0.4%
Insider Activity
In other news, insider James Turian sold 512,765 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of GBX 535, for a total value of £2,743,292.75. 50.99% of the stock is owned by company insiders.
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.
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