Ferro-Alloy Resources (LON:FAR) Shares Down 2.1% – Time to Sell?

Ferro-Alloy Resources Limited (LON:FARGet Free Report)’s stock price was down 2.1% during trading on Friday . The stock traded as low as GBX 4.60 and last traded at GBX 4.60. Approximately 1,445,459 shares were traded 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.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FAR. Shore Capital Group reaffirmed a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Thursday, April 30th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 30 price target on shares of Ferro-Alloy Resources in a research report on Friday, May 1st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 30.

Get Our Latest Research Report on FAR

Ferro-Alloy Resources Stock Performance

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

Insider Buying and Selling

In related news, insider James Turian sold 512,765 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of GBX 535, for a total transaction of £2,743,292.75. Company insiders own 47.07% of the company’s stock.

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

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