Ferro-Alloy Resources (LON:FAR) Stock Price Up 21.8% – Still a Buy?

Shares of Ferro-Alloy Resources Limited (LON:FAR) shot up 21.8% on Tuesday . The company traded as high as GBX 8.40 and last traded at GBX 6.70. 5,409,014 shares were traded during mid-day trading, an increase of 507% from the average session volume of 891,497 shares. The stock had previously closed at GBX 5.50.

Wall Street Analyst Weigh In

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

Ferro-Alloy Resources Stock Down 2.5%

The stock has a 50 day simple moving average of GBX 7.90 and a 200-day simple moving average of GBX 7.83. The firm has a market cap of £35.52 million, a PE ratio of -3.70 and a beta of 0.79. The company has a debt-to-equity ratio of 226.87, a current ratio of 1.98 and a quick ratio of 0.45.

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.