Ferro-Alloy Resources (LON:FAR) Stock Price Up 10.8% – Time to Buy?

Ferro-Alloy Resources Limited (LON:FAR)’s stock price shot up 10.8% during mid-day trading on Tuesday . The company traded as high as GBX 9.88 ($0.12) and last traded at GBX 9.87 ($0.12). 1,046,715 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 870,225 shares. The stock had previously closed at GBX 8.90 ($0.11).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Ferro-Alloy Resources in a report on Monday, December 2nd.

Ferro-Alloy Resources Price Performance

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 business’s 50-day simple moving average is GBX 4.47 and its two-hundred day simple moving average is GBX 5.31. The firm has a market cap of £47.36 million, a price-to-earnings ratio of -980.00 and a beta of 0.79.

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.