Ferro-Alloy Resources (LON:FAR) Trading 7% Higher – Should You Buy?

Ferro-Alloy Resources Limited (LON:FAR)’s share price traded up 7% on Monday . The stock traded as high as GBX 7.71 and last traded at GBX 7.40. 1,421,368 shares were traded during mid-day trading, an increase of 43% from the average session volume of 992,820 shares. The stock had previously closed at GBX 6.92.

Analyst Ratings Changes

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

Ferro-Alloy Resources Stock Up 12.7%

The firm has a market capitalization of £39.80 million, a price-to-earnings ratio of -4.15 and a beta of 0.79. The firm has a fifty day moving average price of GBX 7.84 and a 200 day moving average price of GBX 7.85. The company has a debt-to-equity ratio of 226.87, a quick ratio of 0.45 and a current ratio of 1.98.

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.