Ferro-Alloy Resources (LON:FAR) Stock Price Down 4.3% – Here’s What Happened

Ferro-Alloy Resources Limited (LON:FAR) traded down 4.3% during mid-day trading on Friday . The stock traded as low as GBX 9.62 ($0.12) and last traded at GBX 9.90 ($0.13). 2,034,834 shares changed hands during mid-day trading, an increase of 135% from the average session volume of 865,593 shares. The stock had previously closed at GBX 10.35 ($0.13).

Wall Street Analysts Forecast Growth

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

Ferro-Alloy Resources Stock Down 11.1 %

The company has a debt-to-equity ratio of 226.87, a current ratio of 1.98 and a quick ratio of 0.45. The stock has a market capitalization of £44.46 million, a P/E ratio of -1,035.00 and a beta of 0.79. The stock has a fifty day moving average price of GBX 3.92 and a 200 day moving average price of GBX 5.21.

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.