Ferro-Alloy Resources (LON:FAR) Stock Price Down 2.2% – Time to Sell?

Ferro-Alloy Resources Limited (LON:FAR – Get Free Report) shares were down 2.2% during trading on Friday . The company traded as low as GBX 3.72 and last traded at GBX 3.72. 656,342 shares were traded during mid-day trading, a decline of 62% from the average session volume of 1,723,422 shares. The stock had previously closed at GBX 3.80.

Wall Street Analyst Weigh In

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

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Ferro-Alloy Resources Price Performance

The stock has a market capitalization of £21.84 million, a PE ratio of -2.19 and a beta of 0.82. The firm’s 50 day simple moving average is GBX 4.35 and its 200 day simple moving average is GBX 5.56. The company has a debt-to-equity ratio of -646.68, a current ratio of 0.31 and a quick ratio of 0.45.

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.

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