Ferro-Alloy Resources (LON:FAR) Shares Up 9.5% – Time to Buy?

Shares of Ferro-Alloy Resources Limited (LON:FARGet Free Report) shot up 9.5% during trading on Wednesday . The company traded as high as GBX 7.90 and last traded at GBX 7.50. 2,699,120 shares changed hands during mid-day trading, an increase of 162% from the average session volume of 1,029,627 shares. The stock had previously closed at GBX 6.85.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Tuesday, November 4th.

Read Our Latest Report on Ferro-Alloy Resources

Ferro-Alloy Resources Trading Up 13.1%

The company has a current ratio of 1.98, a quick ratio of 0.45 and a debt-to-equity ratio of 226.87. The company has a market cap of £39.55 million, a price-to-earnings ratio of -4.12 and a beta of 0.79. The stock has a 50-day simple moving average of GBX 7.59 and a 200 day simple moving average of GBX 7.89.

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.

Recommended Stories

Receive News & Ratings for Ferro-Alloy Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferro-Alloy Resources and related companies with MarketBeat.com's FREE daily email newsletter.