Ferro-Alloy Resources (LON:FAR) Reaches New 1-Year Low – What’s Next?

Ferro-Alloy Resources Limited (LON:FAR) shares hit a new 52-week low during trading on Friday . The stock traded as low as GBX 4.60 and last traded at GBX 4.80, with a volume of 1986395 shares. The stock had previously closed at GBX 4.90.

Analyst Ratings Changes

Several analysts have commented on FAR shares. Panmure Gordon restated a “buy” rating and issued a GBX 30 price objective on shares of Ferro-Alloy Resources in a report on Friday, May 1st. Shore Capital Group restated a “house stock” rating on shares of Ferro-Alloy Resources in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 30.

Ferro-Alloy Resources Stock Down 2.0%

The company has a quick ratio of 0.45, a current ratio of 1.17 and a debt-to-equity ratio of -535.44. The company’s fifty day simple moving average is GBX 6 and its 200 day simple moving average is GBX 6.70. The firm has a market capitalization of £28.21 million, a PE ratio of -2.55 and a beta of 0.87.

Insider Activity

In other news, insider James Turian sold 512,765 shares of Ferro-Alloy Resources stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of GBX 535, for a total transaction of £2,743,292.75. Insiders own 50.99% 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.