Ferro-Alloy Resources (LON:FAR) Trading 5.2% Higher – Here’s What Happened

Posted by Casey Walker on Jan 9th, 2025

Ferro-Alloy Resources Limited (LON:FAR – Get Free Report)’s share price rose 5.2% during trading on Tuesday . The stock traded as high as GBX 10.35 ($0.13) and last traded at GBX 10.10 ($0.12). Approximately 925,109 shares changed hands during trading, a decline of 5% from the average daily volume of 978,354 shares. The stock had previously closed at GBX 9.60 ($0.12).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Monday, December 2nd.

Get Our Latest Report on Ferro-Alloy Resources

Ferro-Alloy Resources Trading Down 2.3 %

The company has a debt-to-equity ratio of 226.87, a current ratio of 1.98 and a quick ratio of 0.45. The stock has a market capitalization of £47.43 million, a price-to-earnings ratio of -981.50 and a beta of 0.79. The business has a 50 day simple moving average of GBX 6.76 and a 200-day simple moving average of GBX 5.69.

About Ferro-Alloy Resources

(Get Free Report)

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.