Ferro-Alloy Resources (LON:FAR) Trading Down 17.6% – Here’s Why

Ferro-Alloy Resources Limited (LON:FARGet Free Report) was down 17.6% on Friday . The company traded as low as GBX 3.40 and last traded at GBX 3.75. 18,170,846 shares traded hands during trading, an increase of 956% from the average daily volume of 1,720,738 shares. The stock had previously closed at GBX 4.55.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Shore Capital Group restated a “house stock” rating on shares of Ferro-Alloy Resources in a report on Thursday, April 30th. Panmure Gordon reiterated a “buy” rating and set a GBX 30 price target on shares of Ferro-Alloy Resources in a report on Friday, May 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 30.

Read Our Latest Report on Ferro-Alloy Resources

Ferro-Alloy Resources Stock Performance

The stock has a market capitalization of £22.04 million, a PE ratio of -2.21 and a beta of 0.84. The firm’s fifty day moving average is GBX 4.72 and its 200-day moving average is GBX 5.95. The company has a current ratio of 0.31, a quick ratio of 0.45 and a debt-to-equity ratio of -646.68.

Insiders Place Their Bets

In other Ferro-Alloy Resources news, insider James Turian sold 512,765 shares of Ferro-Alloy Resources stock in a transaction dated Tuesday, May 5th. The shares were 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 company insiders.

Ferro-Alloy Resources Company Profile

(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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