Ferro-Alloy Resources (LON:FAR) Trading 23.1% Higher – Still a Buy?

Ferro-Alloy Resources Limited (LON:FAR) rose 23.1% on Monday . The company traded as high as GBX 6.48 ($0.08) and last traded at GBX 6.40 ($0.08). Approximately 1,069,030 shares traded hands during trading, an increase of 38% from the average daily volume of 776,178 shares. The stock had previously closed at GBX 5.20 ($0.07).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of Ferro-Alloy Resources in a research report on Monday.

Ferro-Alloy Resources Trading Down 0.5 %

The company has a debt-to-equity ratio of 226.87, a quick ratio of 0.45 and a current ratio of 1.98. The company has a market capitalization of £26.46 million, a P/E ratio of -550.00 and a beta of 0.79. The company’s fifty day simple moving average is GBX 3.49 and its 200-day simple moving average is GBX 5.15.

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.