Shares of Ferro-Alloy Resources Limited (LON:FAR – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 4.40 and last traded at GBX 4.50, with a volume of 906000 shares trading hands. The stock had previously closed at GBX 4.50.
Analysts Set New Price Targets
A number of analysts have recently weighed in on FAR shares. Panmure Gordon reiterated a “buy” rating and set a GBX 30 target price 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 30.
Check Out Our Latest Stock Report on Ferro-Alloy Resources
Ferro-Alloy Resources Stock Performance
Insider Activity
In related news, insider James Turian sold 512,765 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 535, for a total value of £2,743,292.75. 47.07% of the stock is currently owned by insiders.
About Ferro-Alloy Resources
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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