Ferro-Alloy Resources (LON:FAR) Sets New 12-Month Low – Here’s What Happened

Ferro-Alloy Resources Limited (LON:FAR)’s stock price hit a new 52-week low on Friday . The stock traded as low as GBX 4.60 and last traded at GBX 4.80, with a volume of 1986395 shares. The stock had previously closed at GBX 4.90.

Analyst Ratings Changes

Several brokerages have recently weighed in on FAR. Shore Capital Group restated 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 set a GBX 30 price objective on shares of Ferro-Alloy Resources in a research report on Friday, May 1st. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 30.

Ferro-Alloy Resources Stock Down 2.0%

The firm has a market cap of £28.21 million, a PE ratio of -2.55 and a beta of 0.87. The company has a debt-to-equity ratio of -535.44, a quick ratio of 0.45 and a current ratio of 1.17. The firm’s 50-day moving average price is GBX 5.94 and its two-hundred day moving average price is GBX 6.69.

Insider Buying and Selling

In related news, insider James Turian sold 512,765 shares of the company’s 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 currently owned by company insiders.

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.