Ferro-Alloy Resources (LON:FAR) Trading Up 11.9% – Still a Buy?

Shares of Ferro-Alloy Resources Limited (LON:FAR) shot up 11.9% on Monday . The company traded as high as GBX 9.86 and last traded at GBX 9.62. 5,997,067 shares changed hands during mid-day trading, an increase of 150% from the average session volume of 2,394,107 shares. The stock had previously closed at GBX 8.60.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Monday, January 19th.

Ferro-Alloy Resources Stock Up 1.5%

The business has a fifty day moving average of GBX 7.19 and a 200-day moving average of GBX 7.53. The stock has a market cap of £52.45 million, a PE ratio of -4.99 and a beta of 0.79. The company has a debt-to-equity ratio of 226.87, a current ratio of 1.98 and a quick ratio of 0.45.

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.