Ferro-Alloy Resources (LON:FAR) Shares Up 12.7% – Time to Buy?

Ferro-Alloy Resources Limited (LON:FAR)’s share price traded up 12.7% during trading on Friday . The stock traded as high as GBX 8.68 and last traded at GBX 8.68. 3,679,652 shares changed hands during mid-day trading, an increase of 64% from the average session volume of 2,245,080 shares. The stock had previously closed at GBX 7.70.

Analyst Ratings Changes

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

Ferro-Alloy Resources Price Performance

The company has a debt-to-equity ratio of 226.87, a quick ratio of 0.45 and a current ratio of 1.98. The firm has a market capitalization of £48.53 million, a PE ratio of -4.62 and a beta of 0.79. The stock has a fifty day moving average price of GBX 6.81 and a 200-day moving average price of GBX 7.38.

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