Ferro-Alloy Resources (LON:FAR) Trading Down 2.4% – Here’s What Happened

Ferro-Alloy Resources Limited (LON:FAR) was down 2.4% on Tuesday . The company traded as low as GBX 5.80 and last traded at GBX 5.86. Approximately 1,402,529 shares were traded during trading, a decline of 39% from the average daily volume of 2,295,851 shares. The stock had previously closed at GBX 6.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Monday, January 19th.

Ferro-Alloy Resources Trading Down 2.4%

The business’s 50 day simple moving average is GBX 7.09 and its two-hundred day simple moving average is GBX 7.13. The stock has a market cap of £34.41 million, a P/E ratio of -3.11 and a beta of 0.67. The company has a quick ratio of 0.45, a current ratio of 1.17 and a debt-to-equity ratio of -535.44.

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.