Ferro-Alloy Resources (LON:FAR) Stock Price Down 0.2% – What’s Next?

Shares of Ferro-Alloy Resources Limited (LON:FAR) dropped 0.2% during mid-day trading on Tuesday . The company traded as low as GBX 7.98 ($0.10) and last traded at GBX 7.98 ($0.10). Approximately 104,385 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 969,613 shares. The stock had previously closed at GBX 8 ($0.10).

Wall Street Analyst Weigh In

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

Ferro-Alloy Resources Trading Down 4.3 %

The stock has a market capitalization of £46.74 million, a P/E ratio of -6.04 and a beta of 0.79. The company has a debt-to-equity ratio of 226.87, a current ratio of 1.98 and a quick ratio of 0.45. The business’s 50 day simple moving average is GBX 8.87 and its 200-day simple moving average is GBX 6.65.

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.