Ferro-Alloy Resources (LON:FAR) Reaches New 12-Month Low – Should You Sell?

Ferro-Alloy Resources Limited (LON:FAR) hit a new 52-week low during trading on Monday . The company 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 Analysts Forecast Growth

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

Ferro-Alloy Resources Stock Performance

The company has a quick ratio of 0.45, a current ratio of 1.98 and a debt-to-equity ratio of 226.87. The stock has a market cap of £11.60 million, a P/E ratio of -250.00 and a beta of 0.79. The firm’s 50-day moving average is GBX 3.64 and its two-hundred day moving average is GBX 5.19.

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.