Ferro-Alloy Resources (LON:FAR) Stock Price Down 6% - Here's What Happened

Ferro-Alloy Resources Limited (LON:FAR - Get Free Report)'s stock price fell 6% during trading on Wednesday . The stock traded as low as GBX 9.78 ($0.13) and last traded at GBX 9.78 ($0.13). 347,875 shares were traded during mid-day trading, a decline of 46% from the average session volume of 649,686 shares. The stock had previously closed at GBX 10.40 ($0.14).

Analysts Set New Price Targets

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

Ferro-Alloy Resources Stock Performance

The company has a debt-to-equity ratio of 226.87, a quick ratio of 0.45 and a current ratio of 1.98. The stock's 50-day moving average is GBX 7.79 and its 200 day moving average is GBX 8.30. The firm has a market cap of £58.88 million, a P/E ratio of -7.61 and a beta of 0.79.

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.