Ferro-Alloy Resources (LON:FAR) Reaches New 52-Week High - Here's Why

Key Points

• Ferro-Alloy Resources Limited shares reached a new 52-week high at GBX 15 ($0.20) during trading on Friday, up from a previous close of GBX 11 ($0.15).
• The stock has seen a significant increase of 34.5% recently, contributing to its current market cap of £75.53 million.
• The company engages in mining and processing of vanadium and related by-products in Kazakhstan, while also exploring for various other minerals.

Ferro-Alloy Resources Limited (LON:FAR - ) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 15 ($0.20) and last traded at GBX 14.80 ($0.20), with a volume of 3861386 shares trading hands. The stock had previously closed at GBX 11 ($0.15).

Ferro-Alloy Resources Stock Up 34.5%

The stock has a market cap of £75.53 million, a price-to-earnings ratio of -787.23 and a beta of 0.79. The company has a current ratio of 1.98, a quick ratio of 0.45 and a debt-to-equity ratio of 226.87. The firm's 50 day moving average is GBX 8.46 and its two-hundred day moving average is GBX 7.81.

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.

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