Ferro-Alloy Resources (LON:FAR) Shares Down 2.1% – Here’s Why

Ferro-Alloy Resources Limited (LON:FAR – Get Free Report) shares fell 2.1% during mid-day trading on Friday . The stock traded as low as GBX 4.60 and last traded at GBX 4.60. 1,445,459 shares traded hands during trading, a decline of 21% from the average daily volume of 1,825,542 shares. The stock had previously closed at GBX 4.70.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Panmure Gordon restated a “buy” rating and issued a GBX 30 price target on shares of Ferro-Alloy Resources in a research note on Friday, May 1st. Shore Capital Group reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 30.

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Ferro-Alloy Resources Price Performance

The company has a current ratio of 0.31, a quick ratio of 0.45 and a debt-to-equity ratio of -646.68. The company has a 50 day moving average price of GBX 5.15 and a 200 day moving average price of GBX 6.27. The company has a market capitalization of £27.04 million, a P/E ratio of -2.71 and a beta of 0.83.

Insider Transactions at Ferro-Alloy Resources

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

About Ferro-Alloy Resources

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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.

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