Ferro-Alloy Resources (LON:FAR) Trading 14.9% Higher – Here’s Why

Ferro-Alloy Resources Limited (LON:FAR)’s share price was up 14.9% on Thursday . The stock traded as high as GBX 2.95 ($0.04) and last traded at GBX 2.70 ($0.03). Approximately 1,129,870 shares were traded during mid-day trading, an increase of 181% from the average daily volume of 402,388 shares. The stock had previously closed at GBX 2.35 ($0.03).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Ferro-Alloy Resources in a research report on Thursday.

Ferro-Alloy Resources Trading Up 3.1 %

The stock has a market cap of £32.38 million, a price-to-earnings ratio of -670.00 and a beta of 0.79. 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 50 day moving average of GBX 3.51 and a 200-day moving average of GBX 5.16.

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.