Ferro-Alloy Resources (LON:FAR) Sets New 1-Year Low – Here’s What Happened

Ferro-Alloy Resources Limited (LON:FAR)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 4.70 and last traded at GBX 5.10, with a volume of 5208811 shares trading hands. The stock had previously closed at GBX 5.

Analysts Set New Price Targets

FAR has been the topic of several research analyst reports. Panmure Gordon reaffirmed a “buy” rating and set a GBX 30 price objective on shares of Ferro-Alloy Resources in a report on Friday, May 1st. Shore Capital Group reissued a “house stock” rating on shares of Ferro-Alloy Resources in a report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 30.

Ferro-Alloy Resources Price Performance

The firm’s fifty day moving average is GBX 6.35 and its 200 day moving average is GBX 6.73. The company has a debt-to-equity ratio of -535.44, a quick ratio of 0.45 and a current ratio of 1.17. The company has a market capitalization of £29.98 million, a P/E ratio of -2.71 and a beta of 0.87.

Insider Activity at Ferro-Alloy Resources

In other news, insider James Turian sold 512,765 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of GBX 535, for a total value of £2,743,292.75. 50.99% of the stock is owned by insiders.

About Ferro-Alloy Resources

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.