Ferro-Alloy Resources (LON:FAR) Reaches New 12-Month Low – Here’s Why

Ferro-Alloy Resources Limited (LON:FAR)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 4.50 and last traded at GBX 4.50, with a volume of 546497 shares traded. The stock had previously closed at GBX 4.65.

Wall Street Analyst Weigh In

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

Ferro-Alloy Resources Stock Performance

The stock has a 50 day simple moving average of GBX 5.10 and a two-hundred day simple moving average of GBX 6.24. The company has a market capitalization of £26.45 million, a price-to-earnings ratio of -2.65 and a beta of 0.83. The company has a debt-to-equity ratio of -646.68, a current ratio of 0.31 and a quick ratio of 0.45.

Insider Buying and Selling at Ferro-Alloy Resources

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

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.