Shares of Ferro-Alloy Resources Limited (LON:FAR – Get 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%
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.
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