Ferro-Alloy Resources (LON:FAR) Reaches New 52-Week Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Ferro-Alloy Resources Stock Down 1.1%

The business has a 50-day moving average price of GBX 4.79 and a 200-day moving average price of GBX 6.05. The stock has a market cap of £25.27 million, a PE ratio of -2.53 and a beta of 0.84. The company has a current ratio of 0.31, a quick ratio of 0.45 and a debt-to-equity ratio of -646.68.

Insiders Place Their Bets

In other Ferro-Alloy Resources 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.