Ferro-Alloy Resources (LON:FAR) Sets New 52-Week Low – Here’s Why

Shares of Ferro-Alloy Resources Limited (LON:FAR) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 2.35 ($0.03) and last traded at GBX 2.40 ($0.03), with a volume of 264144 shares traded. The stock had previously closed at GBX 2.50 ($0.03).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Thursday, September 26th.

Ferro-Alloy Resources Trading Up 2.1 %

The firm’s 50 day moving average is GBX 3.57 and its 200 day moving average is GBX 5.16. The company has a quick ratio of 0.45, a current ratio of 1.98 and a debt-to-equity ratio of 226.87. The firm has a market capitalization of £11.60 million, a price-to-earnings ratio of -235.00 and a beta of 0.79.

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.