Ferro-Alloy Resources (LON:FAR) Shares Down 17.6% – Should You Sell?

Shares of Ferro-Alloy Resources Limited (LON:FARGet Free Report) dropped 17.6% during mid-day trading on Friday . The company traded as low as GBX 3.40 and last traded at GBX 3.75. 18,170,846 shares were traded during trading, an increase of 956% from the average daily volume of 1,720,738 shares. The stock had previously closed at GBX 4.55.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FAR. Panmure Gordon restated a “buy” rating and issued a GBX 30 price objective on shares of Ferro-Alloy Resources in a report on Friday, May 1st. Shore Capital Group reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Ferro-Alloy Resources has an average rating of “Buy” and a consensus price target of GBX 30.

Read Our Latest Analysis on Ferro-Alloy Resources

Ferro-Alloy Resources Trading Down 17.6%

The stock has a market capitalization of £22.04 million, a price-to-earnings ratio of -2.21 and a beta of 0.84. The company has a debt-to-equity ratio of -646.68, a quick ratio of 0.45 and a current ratio of 0.31. The firm has a fifty day moving average of GBX 4.75 and a 200-day moving average of GBX 5.96.

Insider Buying and Selling at Ferro-Alloy Resources

In other news, insider James Turian sold 512,765 shares of the 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. 47.07% of the stock is owned by insiders.

Ferro-Alloy Resources Company Profile

(Get Free Report)

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.

Further Reading

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