Ferro-Alloy Resources (LON:FAR) Reaches New 1-Year High – Time to Buy?

Ferro-Alloy Resources Limited (LON:FAR)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 11 ($0.14) and last traded at GBX 10.40 ($0.13), with a volume of 10961713 shares changing hands. The stock had previously closed at GBX 7.30 ($0.09).

Analyst Upgrades and Downgrades

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

Ferro-Alloy Resources Price Performance

The stock has a market capitalization of £50.25 million, a P/E ratio of -972.00 and a beta of 0.79. The stock’s fifty day moving average is GBX 3.63 and its 200-day moving average is GBX 5.15. 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.