Ferro-Alloy Resources (LON:FAR) Stock Price Up 6.7%

Ferro-Alloy Resources Limited (LON:FAR)’s share price rose 6.7% during trading on Tuesday . The stock traded as high as GBX 6.40 ($0.08) and last traded at GBX 6.40 ($0.08). Approximately 15 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 270,008 shares. The stock had previously closed at GBX 6 ($0.08).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Thursday, July 18th.

Ferro-Alloy Resources Stock Performance

The company has a fifty day simple moving average of GBX 5.76 and a two-hundred day simple moving average of GBX 5.60. The company has a current ratio of 2.53, a quick ratio of 0.45 and a debt-to-equity ratio of 72.37. The company has a market cap of £29.96 million, a PE ratio of -620.00 and a beta of 0.79.

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.