Ferro-Alloy Resources (LON:FAR) Hits New 1-Year Low – Here’s Why

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

Wall Street Analysts Forecast Growth

FAR has been the topic of a number of research reports. Shore Capital Group restated a “house stock” rating on shares of Ferro-Alloy Resources in a research report on Thursday, April 30th. Panmure Gordon restated a “buy” rating and issued a GBX 30 price target on shares of Ferro-Alloy Resources in a research report on Friday, May 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 30.

Ferro-Alloy Resources Trading Up 2.0%

The firm’s 50 day moving average is GBX 6.35 and its two-hundred day moving average is GBX 6.73. The stock has a market cap of £29.98 million, a price-to-earnings ratio of -2.71 and a beta of 0.87. The company has a quick ratio of 0.45, a current ratio of 1.17 and a debt-to-equity ratio of -535.44.

Insider Activity

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