Ferro-Alloy Resources (LON:FAR) Hits New 52-Week Low – What’s Next?

Ferro-Alloy Resources Limited (LON:FAR) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 2.35 ($0.03) and last traded at GBX 2.40 ($0.03), with a volume of 264144 shares trading hands. The stock had previously closed at GBX 2.50 ($0.03).

Wall Street Analyst Weigh In

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

Ferro-Alloy Resources Trading Up 2.1 %

The firm has a market cap of £11.60 million, a PE ratio of -235.00 and a beta of 0.79. The firm has a 50 day moving average of GBX 3.57 and a 200 day moving average of GBX 5.16. The company has a quick ratio of 0.45, a current ratio of 1.98 and a debt-to-equity ratio of 226.87.

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.