Ferro-Alloy Resources (LON:FAR) Stock Price Down 10.5% – Here’s Why

Ferro-Alloy Resources Limited (LON:FAR)’s share price dropped 10.5% on Monday . The stock traded as low as GBX 8.45 ($0.11) and last traded at GBX 8.50 ($0.11). Approximately 1,608,300 shares traded hands during trading, an increase of 53% from the average daily volume of 1,048,605 shares. The stock had previously closed at GBX 9.50 ($0.12).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Ferro-Alloy Resources in a report on Monday, December 2nd.

Ferro-Alloy Resources Stock Down 10.5 %

The company has a current ratio of 1.98, a quick ratio of 0.45 and a debt-to-equity ratio of 226.87. The company has a market capitalization of £41.07 million, a price-to-earnings ratio of -850.00 and a beta of 0.79. The company has a 50-day moving average of GBX 8.37 and a 200-day moving average of GBX 5.94.

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.