Ferro-Alloy Resources (LON:FAR) Trading Up 26.6% - Here's Why

Key Points

• Ferro-Alloy Resources Limited saw a significant stock increase of 26.6% during mid-day trading, reaching as high as GBX 11.80 ($0.16) from a previous close of GBX 9.30 ($0.12).
• The trading volume surged to 1,265,819 shares, which is a 79% rise compared to the average session volume.
• The company has a market capitalization of £56.57 million and engages in mining and processing vanadium and related by-products, primarily in Kazakhstan.

Ferro-Alloy Resources Limited (LON:FAR - ) shot up 26.6% during mid-day trading on Thursday . The stock traded as high as GBX 11.80 ($0.16) and last traded at GBX 11.77 ($0.16). 1,265,819 shares changed hands during mid-day trading, an increase of 79% from the average session volume of 708,158 shares. The stock had previously closed at GBX 9.30 ($0.12).

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 company has a market capitalization of £56.57 million, a PE ratio of -589.63 and a beta of 0.79. The stock's 50-day simple moving average is GBX 8.37 and its 200 day simple moving average is GBX 7.78.

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.

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