Ferro-Alloy Resources (LON:FAR) Hits New 1-Year Low – What’s Next?

Ferro-Alloy Resources Limited (LON:FAR)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 4.40 and last traded at GBX 4.50, with a volume of 906000 shares traded. The stock had previously closed at GBX 4.50.

Analyst Ratings Changes

FAR has been the subject of a number of analyst reports. Shore Capital Group reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Thursday, April 30th. Panmure Gordon restated a “buy” rating and set a GBX 30 price target on shares of Ferro-Alloy Resources in a research note on Friday, May 1st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 30.

Ferro-Alloy Resources Price Performance

The stock has a market cap of £26.45 million, a P/E ratio of -2.65 and a beta of 0.84. The company has a current ratio of 0.31, a quick ratio of 0.45 and a debt-to-equity ratio of -646.68. The firm’s fifty day moving average is GBX 4.85 and its 200 day moving average is GBX 6.12.

Insider Activity

In other news, insider James Turian sold 512,765 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of GBX 535, for a total value of £2,743,292.75. Corporate insiders own 47.07% of the company’s stock.

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. The company was incorporated in 2000 and is based in Saint Peter Port, the United Kingdom.