Ferro-Alloy Resources (LON:FAR) Trading 14.9% Higher – What’s Next?

Ferro-Alloy Resources Limited (LON:FAR)’s stock price shot up 14.9% during trading on Thursday . The company traded as high as GBX 2.95 ($0.04) and last traded at GBX 2.70 ($0.03). 1,129,870 shares changed hands during mid-day trading, an increase of 181% from the average session volume of 402,388 shares. The stock had previously closed at GBX 2.35 ($0.03).

Analyst Upgrades and Downgrades

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

Ferro-Alloy Resources Price Performance

The company has a current ratio of 1.98, a quick ratio of 0.45 and a debt-to-equity ratio of 226.87. The stock has a fifty day simple moving average of GBX 3.51 and a two-hundred day simple moving average of GBX 5.16. The company has a market cap of £32.38 million, a PE ratio of -670.00 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.