Ferro-Alloy Resources (LON:FAR) Trading Down 4.1% – Time to Sell?

Ferro-Alloy Resources Limited (LON:FAR) dropped 4.1% on Wednesday . The stock traded as low as GBX 6.30 ($0.08) and last traded at GBX 6.47 ($0.08). Approximately 1,620,916 shares were traded during trading, an increase of 114% from the average daily volume of 757,121 shares. The stock had previously closed at GBX 6.75 ($0.09).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of Ferro-Alloy Resources in a research note on Thursday, November 21st.

Ferro-Alloy Resources Trading Down 10.0 %

The firm has a market capitalization of £23.92 million, a price-to-earnings ratio of -495.00 and a beta of 0.79. The business’s 50 day moving average price is GBX 3.52 and its 200-day moving average price is GBX 5.16. The company has a debt-to-equity ratio of 226.87, a current ratio of 1.98 and a quick ratio of 0.45.

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.