Ferro-Alloy Resources (LON:FAR) Shares Down 10.5% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

Ferro-Alloy Resources Price Performance

The company’s 50-day simple moving average is GBX 8.50 and its 200-day simple moving average is GBX 5.95. The company has a market cap of £40.98 million, a price-to-earnings ratio of -848.00 and a beta of 0.79. The company has a debt-to-equity ratio of 226.87, a current ratio of 1.98 and a quick ratio of 0.45.

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.