Ferro-Alloy Resources (LON:FAR) Sets New 12-Month Low – What’s Next?

Shares of Ferro-Alloy Resources Limited (LON:FARGet 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

The company has a quick ratio of 0.45, a current ratio of 0.31 and a debt-to-equity ratio of -646.68. The firm has a market cap of £25.92 million, a P/E ratio of -2.59 and a beta of 0.84. The business has a fifty day simple moving average of GBX 4.83 and a 200-day simple moving average of GBX 6.10.

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

(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

Receive News & Ratings for Ferro-Alloy Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferro-Alloy Resources and related companies with MarketBeat.com's FREE daily email newsletter.