Ferro-Alloy Resources (LON:FAR) Trading Down 2.4% – Time to Sell?

Ferro-Alloy Resources Limited (LON:FAR)’s stock price dropped 2.4% during trading on Tuesday . The company traded as low as GBX 5.80 and last traded at GBX 5.86. Approximately 1,402,529 shares were traded during trading, a decline of 39% from the average daily volume of 2,295,851 shares. The stock had previously closed at GBX 6.

Analysts Set New Price Targets

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

Ferro-Alloy Resources Trading Down 2.4%

The company has a market cap of £34.41 million, a price-to-earnings ratio of -3.11 and a beta of 0.67. The business’s fifty day moving average price is GBX 7.09 and its 200 day moving average price is GBX 7.13. The company has a debt-to-equity ratio of -535.44, a current ratio of 1.17 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.