Ferro-Alloy Resources (LON:FAR) Shares Up 10.8% – Here’s What Happened

Ferro-Alloy Resources Limited (LON:FAR) was up 10.8% on Tuesday . The stock traded as high as GBX 9.88 ($0.13) and last traded at GBX 9.87 ($0.13). Approximately 1,046,715 shares were traded during trading, an increase of 20% from the average daily volume of 870,225 shares. The stock had previously closed at GBX 8.90 ($0.11).

Analyst Upgrades and Downgrades

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

Ferro-Alloy Resources Stock Up 16.5 %

The firm has a market capitalization of £50.11 million, a P/E ratio of -890.00 and a beta of 0.79. The company has a debt-to-equity ratio of 226.87, a quick ratio of 0.45 and a current ratio of 1.98. The stock has a 50 day moving average of GBX 4.16 and a 200-day moving average of GBX 5.25.

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.