Ferro-Alloy Resources (LON:FAR) Shares Down 2.2% – Time to Sell?

Ferro-Alloy Resources Limited (LON:FARGet Free Report)’s share price traded down 2.2% on Friday . The stock traded as low as GBX 3.72 and last traded at GBX 3.72. Approximately 656,342 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 1,723,422 shares. The stock had previously closed at GBX 3.80.

Analyst Upgrades and Downgrades

FAR has been the topic of a number of recent analyst reports. Shore Capital Group reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a research report on Thursday, April 30th. Panmure Gordon restated a “buy” rating and issued a GBX 30 target price on shares of Ferro-Alloy Resources in a research note on Friday, May 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Ferro-Alloy Resources has a consensus rating of “Buy” and an average target price of GBX 30.

View Our Latest Report on Ferro-Alloy Resources

Ferro-Alloy Resources Price Performance

The firm has a market capitalization of £21.84 million, a PE ratio of -2.19 and a beta of 0.82. The company has a debt-to-equity ratio of -646.68, a current ratio of 0.31 and a quick ratio of 0.45. The business’s 50 day moving average is GBX 4.35 and its two-hundred day moving average is GBX 5.56.

Ferro-Alloy Resources Company Profile

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

Further Reading

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