Ferro-Alloy Resources (LON:FAR) Trading 4.4% Higher – Here’s What Happened

Ferro-Alloy Resources Limited (LON:FAR) shot up 4.4% during mid-day trading on Wednesday . The company traded as high as GBX 6.80 and last traded at GBX 6.60. 1,966,846 shares changed hands during trading, an increase of 73% from the average session volume of 1,139,783 shares. The stock had previously closed at GBX 6.32.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Ferro-Alloy Resources in a report on Tuesday, November 4th.

Ferro-Alloy Resources Stock Performance

The company has a fifty day moving average of GBX 7.22 and a two-hundred day moving average of GBX 7.89. The firm has a market capitalization of £35.04 million, a price-to-earnings ratio of -3.51 and a beta of 0.79. The company has a debt-to-equity ratio of 226.87, a quick ratio of 0.45 and a current ratio of 1.98.

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.