Ferro-Alloy Resources (LON:FAR) Stock Price Up 23.1% – Here’s What Happened

Ferro-Alloy Resources Limited (LON:FAR)’s stock price traded up 23.1% on Monday . The stock traded as high as GBX 6.48 ($0.08) and last traded at GBX 6.40 ($0.08). 1,069,030 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 776,178 shares. The stock had previously closed at GBX 5.20 ($0.07).

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of Ferro-Alloy Resources in a report on Thursday, November 21st.

Ferro-Alloy Resources Price Performance

The business’s fifty day moving average price is GBX 3.50 and its 200-day moving average price is GBX 5.16. 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 company has a market capitalization of £29.96 million, a P/E ratio of -510.00 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.