Ferro-Alloy Resources (LON:FAR) Sets New 52-Week Low – Should You Sell?

Shares of Ferro-Alloy Resources Limited (LON:FARGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 4.50 and last traded at GBX 4.50, with a volume of 546497 shares changing hands. The stock had previously closed at GBX 4.65.

Analyst Ratings Changes

FAR has been the subject of a number of recent analyst reports. Shore Capital Group reissued a “house stock” rating on shares of Ferro-Alloy Resources in a report on Thursday, April 30th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 30 target price on shares of Ferro-Alloy Resources in a research note on Friday, May 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 30.

Check Out Our Latest Stock Analysis on FAR

Ferro-Alloy Resources Stock Performance

The stock’s fifty day simple moving average is GBX 5.10 and its two-hundred day simple moving average is GBX 6.24. The company has a market cap of £26.45 million, a price-to-earnings ratio of -2.65 and a beta of 0.83. The company has a debt-to-equity ratio of -646.68, a quick ratio of 0.45 and a current ratio of 0.31.

Insider Transactions at Ferro-Alloy Resources

In other Ferro-Alloy Resources news, insider James Turian sold 512,765 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of GBX 535, for a total transaction of £2,743,292.75. Company insiders own 47.07% of the company’s stock.

Ferro-Alloy Resources Company Profile

(Get Free Report)

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.

Further Reading

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