Ferro-Alloy Resources (LON:FAR) Hits New 1-Year Low – Here’s Why

Ferro-Alloy Resources Limited (LON:FAR) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 2.74 ($0.04) and last traded at GBX 2.74 ($0.04), with a volume of 904693 shares trading hands. The stock had previously closed at GBX 2.90 ($0.04).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Ferro-Alloy Resources in a report on Thursday, September 26th.

Ferro-Alloy Resources Trading Down 5.5 %

The firm has a market capitalization of £13.24 million, a price-to-earnings ratio of -280.60 and a beta of 0.79. The business’s 50 day moving average price is GBX 5.42 and its 200-day moving average price is GBX 5.59. 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.