Ferro-Alloy Resources (LON:FAR) Stock Price Up 8.9% – What’s Next?

Ferro-Alloy Resources Limited (LON:FAR) rose 8.9% during mid-day trading on Wednesday . The company traded as high as GBX 6.30 and last traded at GBX 6.10. Approximately 5,771,479 shares were traded during mid-day trading, an increase of 162% from the average daily volume of 2,204,901 shares. The stock had previously closed at GBX 5.60.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reissued a “house stock” rating on shares of Ferro-Alloy Resources in a report on Monday, January 19th.

Ferro-Alloy Resources Stock Performance

The stock has a fifty day moving average price of GBX 6.91 and a two-hundred day moving average price of GBX 6.95. The company has a market cap of £35.85 million, a P/E ratio of -3.24 and a beta of 0.87. The company has a debt-to-equity ratio of -535.44, a current ratio of 1.17 and a quick ratio of 0.45.

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.