Ferro-Alloy Resources (LON:FAR) Shares Down 2.1% – What’s Next?

Ferro-Alloy Resources Limited (LON:FAR) was down 2.1% on Friday . The company traded as low as GBX 4.60 and last traded at GBX 4.60. 1,445,459 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 1,825,542 shares. The stock had previously closed at GBX 4.70.

Analyst Ratings Changes

FAR has been the subject of a number of research reports. Shore Capital Group reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a report on Thursday, April 30th. Panmure Gordon restated a “buy” rating and issued a GBX 30 price target on shares of Ferro-Alloy Resources in a report on Friday, May 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Ferro-Alloy Resources currently has a consensus rating of “Buy” and a consensus price target of GBX 30.

Ferro-Alloy Resources Stock Down 2.1%

The company has a market capitalization of £27.04 million, a P/E ratio of -2.71 and a beta of 0.83. The firm’s 50 day moving average price is GBX 5.15 and its two-hundred day moving average price is GBX 6.27. The company has a current ratio of 0.31, a quick ratio of 0.45 and a debt-to-equity ratio of -646.68.

Insider Buying and Selling

In related news, insider James Turian sold 512,765 shares of the firm’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. Insiders own 47.07% of the company’s stock.

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.