Ferro-Alloy Resources (LON:FAR) Shares Down 1% – Here’s Why

Ferro-Alloy Resources Limited (LON:FAR) shares were down 1% during mid-day trading on Monday . The company traded as low as GBX 9.37 ($0.12) and last traded at GBX 9.47 ($0.12). Approximately 1,258,013 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 1,127,969 shares. The stock had previously closed at GBX 9.56 ($0.12).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Monday, December 2nd.

Ferro-Alloy Resources Stock Performance

The company’s fifty day simple moving average is GBX 9.49 and its two-hundred day simple moving average is GBX 6.28. The company has a market capitalization of £57.45 million, a price-to-earnings ratio of -7.42 and a beta of 0.79. The company has a debt-to-equity ratio of 226.87, a quick ratio of 0.45 and a current ratio of 1.98.

Ferro-Alloy Resources Company Profile

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.