Ferro-Alloy Resources (LON:FAR) Sets New 1-Year Low – Here’s Why

Ferro-Alloy Resources Limited (LON:FAR) reached a new 52-week low on Wednesday . The company traded as low as GBX 4.50 and last traded at GBX 4.50, with a volume of 546497 shares trading hands. The stock had previously closed at GBX 4.65.

Wall Street Analyst Weigh In

A number of brokerages have commented on FAR. Shore Capital Group restated a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Thursday, April 30th. Panmure Gordon reiterated a “buy” rating and issued a GBX 30 price objective on shares of Ferro-Alloy Resources in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Ferro-Alloy Resources presently has a consensus rating of “Buy” and an average price target of GBX 30.

Ferro-Alloy Resources Stock Performance

The company has a quick ratio of 0.45, a current ratio of 0.31 and a debt-to-equity ratio of -646.68. The stock has a market capitalization of £26.95 million, a price-to-earnings ratio of -2.70 and a beta of 0.83. The stock’s 50-day simple moving average is GBX 5.06 and its 200 day simple moving average is GBX 6.21.

Insider Activity at Ferro-Alloy Resources

In other news, insider James Turian sold 512,765 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of GBX 535, for a total value of £2,743,292.75. 47.07% of the stock is owned by 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.