Ferro-Alloy Resources (LON:FAR) Shares Up 11.3% – Here’s Why

Ferro-Alloy Resources Limited (LON:FAR)’s share price was up 11.3% during mid-day trading on Wednesday . The stock traded as high as GBX 7.77 and last traded at GBX 7.68. Approximately 4,185,214 shares traded hands during trading, an increase of 116% from the average daily volume of 1,939,046 shares. The stock had previously closed at GBX 6.90.

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 Stock Down 1.3%

The company has a debt-to-equity ratio of 226.87, a quick ratio of 0.45 and a current ratio of 1.98. The stock has a market capitalization of £43.61 million, a PE ratio of -4.15 and a beta of 0.79. The business has a 50 day moving average of GBX 6.81 and a two-hundred day moving average of GBX 7.42.

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.