Ferro-Alloy Resources (LON:FAR) Trading Down 9.2% - Here's Why

Key Points

• Ferro-Alloy Resources Limited shares fell by 9.2% to GBX 8.90 ($0.12), with trading volume significantly increasing to approximately 2.45 million shares, a rise of 286% from the average.
• Despite the decline, Shore Capital has maintained a "house stock" rating for Ferro-Alloy Resources, indicating some level of confidence in the stock.
• The company is engaged in mining and processing vanadium and related by-products in Kazakhstan, and also explores for various other minerals including uranium and nickel.

Shares of Ferro-Alloy Resources Limited (LON:FAR - Get Free Report) were down 9.2% during mid-day trading on Monday . The stock traded as low as GBX 8.90 ($0.12) and last traded at GBX 8.90 ($0.12). Approximately 2,452,681 shares changed hands during mid-day trading, an increase of 286% from the average daily volume of 635,529 shares. The stock had previously closed at GBX 9.80 ($0.13).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a "house stock" rating on shares of Ferro-Alloy Resources in a report on Wednesday, April 30th.

Ferro-Alloy Resources Stock Up 5.9%

The company has a market cap of £54.33 million, a price-to-earnings ratio of -7.02 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 business has a fifty day moving average of GBX 7.81 and a two-hundred day moving average of GBX 7.75.

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.