Ferro-Alloy Resources (LON:FAR) Hits New 12-Month Low – Here’s What Happened

Ferro-Alloy Resources Limited (LON:FAR)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 4.30 and last traded at GBX 4.30, with a volume of 3229782 shares traded. The stock had previously closed at GBX 4.35.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FAR. Shore Capital Group reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a research report on Thursday, April 30th. Panmure Gordon restated a “buy” rating and issued a GBX 30 price objective on shares of Ferro-Alloy Resources in a report on Friday, May 1st. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 30.

Ferro-Alloy Resources Stock Performance

The company has a market cap of £25.27 million, a PE ratio of -2.53 and a beta of 0.84. The company has a debt-to-equity ratio of -646.68, a quick ratio of 0.45 and a current ratio of 0.31. The firm’s 50 day moving average is GBX 4.77 and its 200-day moving average is GBX 6.02.

Insiders Place Their Bets

In other news, insider James Turian sold 512,765 shares of the business’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. 47.07% 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.