Ferro-Alloy Resources (LON:FAR) Trading 5.2% Higher – Here’s Why

Ferro-Alloy Resources Limited (LON:FAR) shot up 5.2% on Tuesday . The company traded as high as GBX 10.35 ($0.13) and last traded at GBX 10.10 ($0.13). 925,109 shares traded hands during trading, a decline of 5% from the average session volume of 978,354 shares. The stock had previously closed at GBX 9.60 ($0.12).

Wall Street Analyst Weigh In

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

Ferro-Alloy Resources Trading Up 5.2 %

The business’s 50 day moving average price is GBX 6.61 and its two-hundred day moving average price is GBX 5.67. The company has a debt-to-equity ratio of 226.87, a quick ratio of 0.45 and a current ratio of 1.98. The company has a market capitalization of £48.81 million, a price-to-earnings ratio of -1,010.00 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.