Ferro-Alloy Resources (LON:FAR) Sets New 1-Year Low – Here’s Why

Ferro-Alloy Resources Limited (LON:FAR)’s share price hit a new 52-week low during trading on Friday . The company traded as low as GBX 4.70 and last traded at GBX 5.10, with a volume of 5208811 shares changing hands. The stock had previously closed at GBX 5.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FAR shares. Shore Capital Group reaffirmed a “house stock” rating on shares of Ferro-Alloy Resources in a report on Thursday, April 30th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 30 target price on shares of Ferro-Alloy Resources in a report on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 30.

Ferro-Alloy Resources Stock Up 2.0%

The business’s fifty day moving average price is GBX 6.35 and its 200 day moving average price is GBX 6.73. The firm has a market capitalization of £29.98 million, a price-to-earnings ratio of -2.71 and a beta of 0.87. The company has a current ratio of 1.17, a quick ratio of 0.45 and a debt-to-equity ratio of -535.44.

Insider Activity at Ferro-Alloy Resources

In other news, insider James Turian sold 512,765 shares of Ferro-Alloy Resources stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of GBX 535, for a total value of £2,743,292.75. 50.99% of the stock is owned by insiders.

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. The company was incorporated in 2000 and is based in Saint Peter Port, the United Kingdom.