Ferro-Alloy Resources (LON:FAR) Stock Price Down 0.4% – Here’s Why

Ferro-Alloy Resources Limited (LON:FAR)’s stock price fell 0.4% during mid-day trading on Friday . The company traded as low as GBX 4.80 and last traded at GBX 4.93. 600,793 shares traded hands during trading, a decline of 70% from the average session volume of 1,994,563 shares. The stock had previously closed at GBX 4.95.

Analyst Upgrades and Downgrades

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

Ferro-Alloy Resources Stock Performance

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 company has a market cap of £28.98 million, a P/E ratio of -2.90 and a beta of 0.84. The company has a 50 day moving average price of GBX 5.47 and a 200-day moving average price of GBX 6.53.

Insider Buying and Selling at Ferro-Alloy Resources

In related news, insider James Turian sold 512,765 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of GBX 535, for a total value of £2,743,292.75. Insiders own 47.07% of the company’s stock.

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.