Ferro-Alloy Resources (LON:FAR) Trading 8.9% Higher – Here’s Why

Ferro-Alloy Resources Limited (LON:FAR) was up 8.9% during mid-day trading on Wednesday . The company traded as high as GBX 6.30 and last traded at GBX 6.10. Approximately 5,771,479 shares traded hands during trading, an increase of 162% from the average daily volume of 2,204,901 shares. The stock had previously closed at GBX 5.60.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “house stock” rating on shares of Ferro-Alloy Resources in a report on Monday, January 19th.

Ferro-Alloy Resources Price Performance

The company’s fifty day moving average is GBX 6.83 and its 200 day moving average is GBX 6.93. The firm has a market cap of £35.65 million, a price-to-earnings ratio of -3.23 and a beta of 0.87. The company has a quick ratio of 0.45, a current ratio of 1.17 and a debt-to-equity ratio of -535.44.

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.