Ferro-Alloy Resources (LON:FAR) Reaches New 1-Year Low – Time to Sell?

Shares of Ferro-Alloy Resources Limited (LON:FAR) hit a new 52-week low on Thursday . The stock traded as low as GBX 4.30 and last traded at GBX 4.30, with a volume of 3229782 shares changing hands. The stock had previously closed at GBX 4.35.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Shore Capital Group restated a “house stock” rating on shares of Ferro-Alloy Resources in a research report on Thursday, April 30th. Panmure Gordon reissued a “buy” rating and issued a GBX 30 price target on shares of Ferro-Alloy Resources in a research note on Friday, May 1st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 30.

Ferro-Alloy Resources Trading Down 1.1%

The business has a fifty day moving average price of GBX 4.79 and a two-hundred day moving average price of GBX 6.05. The company has a current ratio of 0.31, a quick ratio of 0.45 and a debt-to-equity ratio of -646.68. The firm has a market capitalization of £25.27 million, a PE ratio of -2.53 and a beta of 0.84.

Insider Buying and Selling at Ferro-Alloy Resources

In other Ferro-Alloy Resources news, insider James Turian sold 512,765 shares of Ferro-Alloy Resources stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 535, for a total transaction of £2,743,292.75. 47.07% of the stock is currently owned by corporate 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.