Ferro-Alloy Resources (LON:FAR) Trading 9.5% Higher – What’s Next?

Ferro-Alloy Resources Limited (LON:FAR)’s stock price rose 9.5% on Wednesday . The stock traded as high as GBX 7.90 and last traded at GBX 7.50. Approximately 2,699,120 shares changed hands during trading, an increase of 162% from the average daily volume of 1,029,627 shares. The stock had previously closed at GBX 6.85.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a report on Tuesday, November 4th.

Ferro-Alloy Resources Trading Down 8.5%

The firm has a market capitalization of £41.34 million, a PE ratio of -4.31 and a beta of 0.79. The company has a debt-to-equity ratio of 226.87, a current ratio of 1.98 and a quick ratio of 0.45. The company has a fifty day moving average of GBX 7.59 and a 200-day moving average of GBX 7.89.

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.