Ferro-Alloy Resources (LON:FAR) Shares Down 4.1% – Here’s Why

Shares of Ferro-Alloy Resources Limited (LON:FAR) dropped 4.1% during mid-day trading on Wednesday . The stock traded as low as GBX 6.30 ($0.08) and last traded at GBX 6.47 ($0.08). Approximately 1,620,916 shares were traded during mid-day trading, an increase of 114% from the average daily volume of 757,121 shares. The stock had previously closed at GBX 6.75 ($0.08).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Ferro-Alloy Resources in a report on Thursday, November 21st.

Ferro-Alloy Resources Stock Performance

The firm’s 50 day moving average is GBX 3.56 and its 200-day moving average is GBX 5.18. The stock has a market capitalization of £28.51 million, a price-to-earnings ratio of -675.00 and a beta of 0.79. The company has a debt-to-equity ratio of 226.87, a quick ratio of 0.45 and a current ratio of 1.98.

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.