Ferro-Alloy Resources (LON:FAR) Shares Up 2.2%

Shares of Ferro-Alloy Resources Limited (LON:FAR – Get Rating) shot up 2.2% during trading on Wednesday . The company traded as high as GBX 12.25 ($0.15) and last traded at GBX 11.75 ($0.14). 32,667 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 506,076 shares. The stock had previously closed at GBX 11.50 ($0.14).
Analyst Upgrades and Downgrades
Separately, Shore Capital reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Wednesday, December 7th.
The stock has a market cap of £52.84 million and a price-to-earnings ratio of -16.79. The company has a quick ratio of 0.45, a current ratio of 1.27 and a debt-to-equity ratio of 15.22. The business’s 50 day simple moving average is GBX 11.80 and its 200 day simple moving average is GBX 13.17.
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, and carbon deposits. It primarily holds an interest in the Balasausqandiq deposit located in southern Kazakhstan.