Ferro-Alloy Resources (LON:FAR) Stock Price Down 17.6% – Time to Sell?

Ferro-Alloy Resources Limited (LON:FAR)’s stock price fell 17.6% during mid-day trading on Friday . The stock traded as low as GBX 3.40 and last traded at GBX 3.75. Approximately 18,170,846 shares changed hands during mid-day trading, an increase of 956% from the average session volume of 1,720,738 shares. The stock had previously closed at GBX 4.55.

Analyst Ratings Changes

A number of research analysts have recently commented on FAR shares. Shore Capital Group reissued a “house stock” rating on shares of Ferro-Alloy Resources in a research report 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 note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 30.

Ferro-Alloy Resources Stock Performance

The company’s fifty day simple moving average is GBX 4.75 and its two-hundred day simple moving average is GBX 5.96. The company has a market capitalization of £22.04 million, a price-to-earnings ratio of -2.21 and a beta of 0.84. The company has a debt-to-equity ratio of -646.68, a quick ratio of 0.45 and a current ratio of 0.31.

Insiders Place Their Bets

In other Ferro-Alloy Resources news, insider James Turian sold 512,765 shares of the company’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. 47.07% of the stock is currently owned by corporate insiders.

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.