Ferro-Alloy Resources (LON:FAR) Stock Price Up 0.3% – Should You Buy?

Shares of Ferro-Alloy Resources Limited (LON:FAR) traded up 0.3% during trading on Tuesday . The company traded as high as GBX 7.05 ($0.09) and last traded at GBX 7.02 ($0.09). 1,018,767 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 863,023 shares. The stock had previously closed at GBX 7 ($0.09).

Wall Street Analysts Forecast Growth

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

Ferro-Alloy Resources Price Performance

The firm has a market cap of £42.61 million, a price-to-earnings ratio of -5.51 and a beta of 0.79. The company has a current ratio of 1.98, a quick ratio of 0.45 and a debt-to-equity ratio of 226.87. The company’s 50-day moving average is GBX 8.36 and its 200-day moving average is GBX 6.78.

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.