Ferro-Alloy Resources (LON:FAR) Shares Up 13.8%

Ferro-Alloy Resources Limited (LON:FAR) rose 13.8% during mid-day trading on Tuesday . The stock traded as high as GBX 3.30 ($0.04) and last traded at GBX 3.30 ($0.04). Approximately 47,229,758 shares were traded during trading, an increase of 7,452% from the average daily volume of 625,397 shares. The stock had previously closed at GBX 2.90 ($0.04).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a report on Thursday, September 26th.

Ferro-Alloy Resources Stock Up 13.8 %

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 50 day simple moving average of GBX 5.66 and a 200 day simple moving average of GBX 5.66. The firm has a market capitalization of £15.94 million, a PE ratio of -320.00 and a beta of 0.79.

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.