Ferro-Alloy Resources (LON:FAR) Stock Price Up 35.8% – What’s Next?

Ferro-Alloy Resources Limited (LON:FAR – Get Free Report)’s stock price rose 35.8% on Wednesday. The stock traded as high as GBX 4.80 and last traded at GBX 4.70. 34,422,719 shares traded hands during trading, an increase of 1,572% from the average session volume of 2,058,236 shares. The stock had previously closed at GBX 3.46.

Ferro-Alloy Resources Price Performance

The company has a 50-day moving average of GBX 3.88 and a 200-day moving average of GBX 4.84. The company has a debt-to-equity ratio of -646.68, a quick ratio of 0.45 and a current ratio of 0.31. The firm has a market capitalization of £38.03 million, a price-to-earnings ratio of -2.96 and a beta of 0.82.

About Ferro-Alloy Resources

(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.

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