Ferro-Alloy Resources (LON:FAR) Shares Down 9.6% – Here’s Why

Shares of Ferro-Alloy Resources Limited (LON:FARGet Free Report) traded down 9.6% during mid-day trading on Wednesday . The stock traded as low as GBX 5.50 ($0.07) and last traded at GBX 5.65 ($0.08). 566,498 shares traded hands during trading, a decline of 32% from the average session volume of 827,568 shares. The stock had previously closed at GBX 6.25 ($0.08).

Ferro-Alloy Resources Stock Performance

The firm’s 50 day moving average price is GBX 8.54 and its 200-day moving average price is GBX 7.85. The company has a debt-to-equity ratio of 226.87, a quick ratio of 0.45 and a current ratio of 1.98. The firm has a market capitalization of £28.83 million, a PE ratio of -3.01 and a beta of 0.79.

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.

Further Reading

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